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Self-Storage Facility

Big Ben's Moving & Storage - South Salt Lake

3701 S 700 W, South Salt Lake, UT 84119

Listing Price: $2,200,000

Cap Rate
5.78%
Number of Units
162
Occupancy
80.0%
Gross SF
40,000
Rentable SF
20,400
Price/Rentable SF
$107.84
Year Built
1998

Investment Overview

GREAT DEMOGRAPHICS // In a three-mile radius, there are 140,483 people, 56,631 households, and an average household income of $71,809. The population is projected to grow by 5.4 percent in the next five years.

NEARBY APARTMENT COMMUNITIES // There are approximately 1,875 apartments within a half-mile radius of Big Ben’s Moving & Storage. Nearby communities include Mountain Shadows (262 units), Dominguez Park (110 units), Riverbend (200 units), Riverfront (288 units), Meadowbrook Station (256 units), and Eight20 Apartments (412 units).

OCCUPANCY OPPORTUNITY // With minimal advertising, the property maintains an 80 percent occupancy rate. With an increased advertising budget, a new owner could increase occupancy.

FUNCTIONING REMOTE OPERATION // The property is managed remotely. On-site personnel handle lock checks, trash pick-up, and security, all other operations are remote.

Investment Highlights

  • GREAT DEMOGRAPHICS
  • NEARBY APARTMENT COMMUNITIES
  • OCCUPANCY OPPORTUNITY
  • FUNCTIONING REMOTE OPERATION

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

Financing By

Self-Storage Facility

Big Ben's Moving & Storage - South Salt Lake

Listing Price: $2,200,000

Cap Rate
5.78%
Number of Units
162
Occupancy
80.0%
Gross SF
40,000
Rentable SF
20,400
Price/Rentable SF
$107.84
Year Built
1998

Investment Highlights

  • GREAT DEMOGRAPHICS
  • NEARBY APARTMENT COMMUNITIES
  • OCCUPANCY OPPORTUNITY
  • FUNCTIONING REMOTE OPERATION

Investment Overview

GREAT DEMOGRAPHICS // In a three-mile radius, there are 140,483 people, 56,631 households, and an average household income of $71,809. The population is projected to grow by 5.4 percent in the next five years. NEARBY APARTMENT COMMUNITIES // There are approximately 1,875 apartments within a half-mile radius of Big Ben’s Moving & Storage. Nearby communities include Mountain Shadows (262 units), Dominguez Park (110 units), Riverbend (200 units), Riverfront (288 units), Meadowbrook Station (256 units), and Eight20 Apartments (412 units). OCCUPANCY OPPORTUNITY // With minimal advertising, the property maintains an 80 percent occupancy rate. With an increased advertising budget, a new owner could increase occupancy. FUNCTIONING REMOTE OPERATION // The property is managed remotely. On-site personnel handle lock checks, trash pick-up, and security, all other operations are remote.

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

Financing By

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