Skip to main content

Self-Storage Facility

TK Secure Storage of Brigham City

970 W 100 S, Brigham City, UT 84302

Listing Price: $3,525,000

Cap Rate
4.35%
Number of Units
180
Occupancy
98.9%
Gross SF
44,360
Rentable SF
44,360
Price/Rentable SF
$79.46
Year Built
1972

Investment Overview

HIGH OCCUPANCY MARKET // With very little supply built in the market over the last 10 years most properties are operating near full occupancy with limited unit siz es available. The subject property has seen dramatic increase in occupancy simply by implementing more competent management. OPERATIONAL UPSIDE // The facility is run completely remotely with no onsite presence. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan. STRONG REVENUE GROWTH // The owner has consistently implemented rent bumps on existing tenants and new rentals and has increased revenue 28 percent from Spring 2021. GROWING POPULATION // Since 2010 the population of Brigham City has grown by 11 percent and is expected to increase another 6.27 percent by 2026. As housing in the Salt Lake Metro becomes more expensive, affordable communities like Brigham City will see great growth.

Investment Highlights

  • HIGH OCCUPANCY MARKET
  • OPERATIONAL UPSIDE
  • STRONG REVENUE GROWTH
  • GROWING POPULATION

Exclusively Listed By

  • Jordan Farrer

    Senior Associate

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

Self-Storage Facility

TK Secure Storage of Brigham City

Listing Price: $3,525,000

Cap Rate
4.35%
Number of Units
180
Occupancy
98.9%
Gross SF
44,360
Rentable SF
44,360
Price/Rentable SF
$79.46
Year Built
1972

Investment Highlights

  • HIGH OCCUPANCY MARKET
  • OPERATIONAL UPSIDE
  • STRONG REVENUE GROWTH
  • GROWING POPULATION

Investment Overview

HIGH OCCUPANCY MARKET // With very little supply built in the market over the last 10 years most properties are operating near full occupancy with limited unit siz es available. The subject property has seen dramatic increase in occupancy simply by implementing more competent management. OPERATIONAL UPSIDE // The facility is run completely remotely with no onsite presence. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan. STRONG REVENUE GROWTH // The owner has consistently implemented rent bumps on existing tenants and new rentals and has increased revenue 28 percent from Spring 2021. GROWING POPULATION // Since 2010 the population of Brigham City has grown by 11 percent and is expected to increase another 6.27 percent by 2026. As housing in the Salt Lake Metro becomes more expensive, affordable communities like Brigham City will see great growth.

Exclusively Listed By

  • Jordan Farrer

    Senior Associate

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

MM Texture Background
MM Textured Background Lower