Self-Storage Facility
Extra Space (Managed)
3947 S State St, Salt Lake City, UT 84107
Listing Price: Request For Offer
Investment Overview
PRIME SALT LAKE CITY LOCATION // Located in the heart of Salt Lake City, just east of I-15 on State Street, this property boasts high visibility with a daily traffic count of 32,755.
PROFESSIONALLY MANAGED BY EXTRA SPACE // Since transitioning to Extra Space Management in 2020, the property has benefited from their ECRI program, achieving impressive occupancy rates of 93 percent as of August, while simultaneously growing revenue.
COMPETITIVE RENTAL RATES // The strategic location and effective marketing strategies have positioned the property as a market leader in rental rates, currently achieving over $19.49 per square foot (August 2024).
STRONG DEMOGRAPHICS // Within a three-mile radius, the property serves a population of 153,047 with 64,633 households and an average household income of $80,095. Additionally, the area is experiencing increased density, with 4,728 apartments within one mile and another 688 units currently in development or planning.
Investment Highlights
- PRIME SALT LAKE CITY LOCATION
- PROFESSIONALLY MANAGED BY EXTRA SPACE
- COMPETITIVE RENTAL RATES
- STRONG DEMOGRAPHICS
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- PRIME SALT LAKE CITY LOCATION
- PROFESSIONALLY MANAGED BY EXTRA SPACE
- COMPETITIVE RENTAL RATES
- STRONG DEMOGRAPHICS
Investment Overview
PRIME SALT LAKE CITY LOCATION // Located in the heart of Salt Lake City, just east of I-15 on State Street, this property boasts high visibility with a daily traffic count of 32,755. PROFESSIONALLY MANAGED BY EXTRA SPACE // Since transitioning to Extra Space Management in 2020, the property has benefited from their ECRI program, achieving impressive occupancy rates of 93 percent as of August, while simultaneously growing revenue. COMPETITIVE RENTAL RATES // The strategic location and effective marketing strategies have positioned the property as a market leader in rental rates, currently achieving over $19.49 per square foot (August 2024). STRONG DEMOGRAPHICS // Within a three-mile radius, the property serves a population of 153,047 with 64,633 households and an average household income of $80,095. Additionally, the area is experiencing increased density, with 4,728 apartments within one mile and another 688 units currently in development or planning.