Cedar Storage provides their clientele in Southern Utah the most diversified self storage product on the market in
Iron County Utah with direct access along the I-15 freeway which connects Salt Lake City to Las Vegas. Cedar City
sits north of St. George with a growing population. The state of Utah continues to see among the lowest
unemployment numbers, highest population growth, and employment growth numbers in the nation. There is an
approximate total unit count in the county of 2,850 with no units currently under or planned for construction as of
2020.
Cedar Storage is one of the largest storage facilities ever on the market for sale in the state of Utah. It presents
investors with the opportunity to tighten up the pricing on a trusted family run business that is beloved by the
community and their clients. Cedar Storage boasts a 75% market share of Iron County. Self-storage has proven to
be among the most effective commercial real estate hedges against market down-turns and has retained and
maintained its occupancy through the Coronavirus pandemic.
Cedar Storage gives investors the opportunity in effect to become the dominant market leader of an entire asset
class in Cedar City. Stabilized and well diversified. To purchase an entire asset class of a Utah submarket with the
ability to retain existing management provides the opportunity to capture the best of both worlds of local
relationships and top level price aggressive marketing to increase revenues on rents. Several 3rd party management
companies have placed bids and contracts to begin management of Cedar Storage with plans and projections to
increase rents and raise revenue through the introduction of renters insurance to new and existing clientele, with a
potential monthly increase in NOI of $6,000 per month through this means alone
