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Self-Storage Facility

Extra Space (Managed)

3947 S State St, Salt Lake City, UT 84107

Listing Price: Request For Offer

Number of Units
485
Occupancy
93.3%
Gross SF
71,875
Rentable SF
39,200
Year Built
1985

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

  • Jordan Farrer

    First Vice President Investments

    (801) 736-2643

    Email Jordan

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

    Salt Lake City

Self-Storage Facility

Extra Space (Managed)

Listing Price: Request For Offer

Number of Units
485
Occupancy
93.3%
Gross SF
71,875
Rentable SF
39,200
Year Built
1985

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.

Exclusively Listed By

  • Jordan Farrer

    First Vice President Investments

    (801) 736-2643

    Email Jordan

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

    Salt Lake City

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