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Self-Storage Facility

Extra Space (Managed)

1584 W 2000 N, Layton, UT 84041

Listing Price: Request For Offer

Number of Units
682
Occupancy
96.2%
Gross SF
80,000
Rentable SF
78,510
Year Built
1979

Investment Overview

CLASS “A” CONSTRUCTION AND LOCATION // Full conversion completed in 2019 with interior buildout and a new 20-Year Roof. Extra Space (Managed) Layton is the only REIT managed property in the trade area. The facility is highly visible located on Antelope Rd and Main Street which combine for over 75,000 cars per day. ACCELERATED LEASE UP// Opening in June 2019, the facility far exceeded lease up projection reaching 88 percent occupancy in 12 months and is currently 96 percent occupied (September 2021). HIGH BARRIER TO ENTRY // In response to a number of new developments from 2016 – 2019 Layton City has altered zoning to curtail future self-storage development. Future projects are required to be a minimum of three stories tall, located in an industrial zone, and meet a number of design requirements. DEMOGRAPHICS // The three-mile population is currently 87,343 with 28,240 households, and an Average Household Income of $87,453. The property is 2.6 miles from Hill Air Force Base, the Air Force’s second largest base, which employees 27,000 active duty, contractor, and private personnel

Investment Highlights

  • Class "A" Construction and Location
  • Accelerated Lease-Up
  • High Barrier to Entry
  • Strong Demographics

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

Financing By

Self-Storage Facility

Extra Space (Managed)

Listing Price: Request For Offer

Number of Units
682
Occupancy
96.2%
Gross SF
80,000
Rentable SF
78,510
Year Built
1979

Investment Highlights

  • Class "A" Construction and Location
  • Accelerated Lease-Up
  • High Barrier to Entry
  • Strong Demographics

Investment Overview

CLASS “A” CONSTRUCTION AND LOCATION // Full conversion completed in 2019 with interior buildout and a new 20-Year Roof. Extra Space (Managed) Layton is the only REIT managed property in the trade area. The facility is highly visible located on Antelope Rd and Main Street which combine for over 75,000 cars per day. ACCELERATED LEASE UP// Opening in June 2019, the facility far exceeded lease up projection reaching 88 percent occupancy in 12 months and is currently 96 percent occupied (September 2021). HIGH BARRIER TO ENTRY // In response to a number of new developments from 2016 – 2019 Layton City has altered zoning to curtail future self-storage development. Future projects are required to be a minimum of three stories tall, located in an industrial zone, and meet a number of design requirements. DEMOGRAPHICS // The three-mile population is currently 87,343 with 28,240 households, and an Average Household Income of $87,453. The property is 2.6 miles from Hill Air Force Base, the Air Force’s second largest base, which employees 27,000 active duty, contractor, and private personnel

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

Financing By

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