93 S 950 W
Brigham City, UT 84302
Brigham City Self Storage · Specialty Property For Sale · 19,542 SF

Self storage facility in Brigham City, UT $1,602,857 purchase price (7% cap rate) Current gross monthly rent: $10,658 with a small minimal rent increase scheduled for January 1, 2025 which will bring the monthly gross rent to $11,020. Monthly operating expenses: $1,670 Net Operating Income (annual): $112,200 Purchase price: $1,602,857 7% cap rate 88 units including two 1,700 sf workshops with power, gas, restrooms. One unit has a small paint booth. Total square footage: 19,542, .95 acres 99% occupied. Monthly rents are currently about 10% below market rates even after factoring the scheduled rent increase for 2025. Units are built with cinderblock frame, cement floors and roll up doors on the smaller units (and large garage style bay doors on the large units (38 units). Interior walls are wood framed with Sheetrock. Asphalt shingle roofing replaced in the last 10 years approximately. Asphalt parking lot. All units are drive up access. The only climate controlled units are the shops and two of the larger (11x28) units. Facility is fenced/gated with security cameras. Fence is chainlink with low quality, however, we’ve not experienced any security issues in the last 7 years. We purchased higher quality chainlink but never installed it. That material would be included in the sale. The facility requires very little maintenance and management. Owner operates & manages it himself in under 5 hours per week. The facility consistently maintains occupancy between 95-100% with no advertising. Website is through Easy Storage Solutions which allows all tenant management including card/ACH payments. Owner is relocating and wants to purchase another similar property closer to his new residence. Feel free to contact owner directly to answer any questions. Owner is willing to provide tax returns and current financials with signed NDA. Owner is not interested in seller financing or listing with agent and is currently not willing to pay agent fees.