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Classic Storage 2087 N Main St 17,200 SF 100% Leased Retail Building Sunset, UT 84015 $1,500,000 ($87.21/SF) 5.40% Cap Rate
Investment Highlights
- 127 Units
- Supported by high density units
- Value Add Potential
Executive Summary
Classic Storage is a secure, well-positioned 127-unit self-storage facility located at 2087 N Main St in Sunset, Utah—just minutes from I-15. Currently 73% occupied, the property offers immediate upside with 35 vacant units, 20 of which were recently restored after door repairs and trash-out were completed this week. With nearly all units now rent-ready, leasing velocity is expected to increase rapidly. The site is fully fenced with an electric gate and security cameras, ensuring a safe and professional environment. Neighboring two new developments, this asset benefits from growing demand and strong visibility. Managed by Investment Realty Advisors, Classic Storage also features 24/7 online rentals and payment, making this a turnkey investment with solid in-place income and additional lease-up potential.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,200 SF
Building Class
C
Year Built
1984
Price
$1,500,000
Price Per SF
$87.21
Cap Rate
5.40%
NOI
$80,959
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.75 AC
Amenities
- Signage
Property Taxes
| Parcel Number | 13-361-0506 | Improvements Assessment | $0 |
| Land Assessment | $1,049 | Total Assessment | $1,049 |
Property Taxes
Parcel Number
13-361-0506
Land Assessment
$1,049
Improvements Assessment
$0
Total Assessment
$1,049
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Classic Storage | 2087 N Main St
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