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696 E Center St - A-1 Self Storage 12,272 SF Specialty Building Offered at $232,000 in Monticello, UT 84535
Investment Highlights
- Additional Income Stream: Existing cell tower lease provides recurring ancillary revenue.
- Revenue Growth Opportunity: Potential to increase NOI through professional revenue management and strategic rental rate adjustments.
- Below Replacement Cost: Acquire an established, income-producing facility at a cost that is difficult to replicate through new development.
- Established Market Position: Well-performing self-storage facility serving Monticello and the surrounding Four Corners region.
- Limited Competition: Supply-constrained rural market with high occupancy supporting long-term demand fundamentals.
- Can be purchased as a portfolio with the A-1 Self Storage property in Blanding, UT
Executive Summary
A-1 Self Storage presents an exceptional opportunity to acquire a high-performing, stabilized self-storage facility in the heart of southeastern Utah. Operating at 98% occupancy, the property offers immediate cash flow backed by strong local demand and a well-established customer base. Currently owner managed, the facility provides a clear path for a new owner to unlock additional value through professional revenue management, strategic rental rate optimization, and modest capital improvements, including enhancing the gravel surfaces. Investors will also benefit from an established cell tower lease that provides recurring ancillary income, creating a diversified revenue stream alongside the property's self-storage operations. With limited self-storage competition in the market and a cost basis well below replacement cost, A-1 Self Storage offers an attractive combination of stability and upside.
Located in Monticello, Utah, the county seat of San Juan County, the property serves a broad customer base that extends beyond the city's population. The region is supported by a diverse mix of government employment, healthcare, agriculture, construction, and year-round tourism driven by nearby destinations such as Canyonlands National Park, Bears Ears National Monument, the Manti-La Sal National Forest, and the Four Corners region. Residents, contractors, ranchers, outdoor recreation enthusiasts, and seasonal travelers all contribute to consistent storage demand. This combination of strong operating fundamentals, limited new supply, and identifiable value-add opportunities makes A-1 Self Storage an ideal acquisition for local owners and regional operators seeking a durable investment with long-term growth potential.
Located in Monticello, Utah, the county seat of San Juan County, the property serves a broad customer base that extends beyond the city's population. The region is supported by a diverse mix of government employment, healthcare, agriculture, construction, and year-round tourism driven by nearby destinations such as Canyonlands National Park, Bears Ears National Monument, the Manti-La Sal National Forest, and the Four Corners region. Residents, contractors, ranchers, outdoor recreation enthusiasts, and seasonal travelers all contribute to consistent storage demand. This combination of strong operating fundamentals, limited new supply, and identifiable value-add opportunities makes A-1 Self Storage an ideal acquisition for local owners and regional operators seeking a durable investment with long-term growth potential.
Property Facts Under Contract
| Price | $232,000 | Building Class | C |
| Price Per SF | $18.90 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 12,272 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1996 |
| Zoning | MX-S - Mixed Use/Specialty | ||
| Price | $232,000 |
| Price Per SF | $18.90 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 12,272 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Zoning | MX-S - Mixed Use/Specialty |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | A33240312412 | Improvements Assessment | $607,308 |
| Land Assessment | $68,678 | Total Assessment | $675,986 |
Property Taxes
Parcel Number
A33240312412
Land Assessment
$68,678
Improvements Assessment
$607,308
Total Assessment
$675,986
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696 E Center St - A-1 Self Storage
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