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2267 Warm Springs Rd
Salt Lake City, UT 84116
Bestway Self Storage · Specialty Property For Sale
·
42,000 SF
Property Facts
| Property Type | Specialty | Building Size | 42,000 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1993 |
| Lot Size | 2.17 AC | Parking Ratio | 0.14/1,000 SF |
| Zoning | M-1 | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 42,000 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | M-1 |
About 2267 WARM SPRINGS RD , SALT LAKE CITY, UT 84116
Please do NOT visit the Property without Prior Express Permission. Please do NOT contact on-site personnel or tenants. This self-storage facility, now available exclusively from the Business Resource Center, with its easy on-ramp/off-ramp access to I-15 just 1/8th of a mile away from the front gate, one of the most conveniently-located mini storage facility in Utah! You probably couldn’t build a mini storage facility in Salt Lake City closer to I-15. In fact, the facility abuts the freeway near the border between Salt Lake and Davis counties. In Google Reviews, where the facility enjoys a 4.2 out of 5 star rating, almost everyone mentions both the easy access and the friendly staff. No wonder why the seller has no trouble keeping the 250 units at facility nearly 100% leased. The site also has outside storage parking for 13 car / RVs. All the units are on one level at grade and have roll-up doors for maximum accessibility. The facility is block construction with paved driveways, outside lighting and security cameras. The property is fully fenced with chain link topped by concertina and can be accessed 24/7 x 365. The facility offers 248 units from 50 to 300 SF in 50 SF increments; 50, 100, 150, 200, 250 and 300 SF. List rates run from $59 to $169, with outside car / RV parking set at $65 a month. The facility grosses $300,000 a year, bringing a potential CAP rate of 7.5%. Self-storage facilities have always been intriguing investments because of their high occupancy rates and because the no bailment rules they operate under means that liability costs are low. Add it all up: high occupancy, a good mix of units, a high CAP rate, seller carry back financing options, and unbelievable access to I-15 and you have not just an intriguing investment but a must-have addition to your portfolio! Contact Business Resource Center to schedule Tour. *Information deemed Reliable but not Guaranteed based off the county records. Buyer to verify.
Property Taxes
| Parcel Number | 08-14-376-001-0000 | Improvements Assessment | $3,301,800 |
| Land Assessment | $1,131,100 | Total Assessment | $4,432,900 |
Property Taxes
