Cubes Self Storage 3 Property Portfolio 3 Specialty Properties in Multiple Locations
INVESTMENT HIGHLIGHTS
- Institutional Class A Facilities.
- Strong Demographics of 294,464 and a Household Income of $139,755 in a 5 Mile Radius.
- Growing Population with 40,412 Future Residential Units Coming In.
- Located Within 10 Miles of the Silicon Slopes.
- Achieving Strong Rents of $1.75/sf Per Month.
EXECUTIVE SUMMARY
View Offering Memorandum and Due Diligence:https://selfstorageadvisory.com/properties/cubes-self-storage-3-property-portfolio/
CBRE’s Self Storage Advisory Group is retained as the exclusive listing agent for the Cubes Self Storage 3 Portfolio. The properties are located in the Salt Lake City region, with a combined 1,936 units distributed across 214,009 net rentable square feet of ground level drive up, Interior Non-Climate-Controlled, and Interior Climate-Controlled storage space.
Cottonwood Heights, UT, presents a compelling investment opportunity driven by its robust economy and steady job growth. The city’s strategic location in Salt Lake County, coupled with above-average personal and community wellbeing scores, enhances its appeal for businesses and residents alike. Looking forward, Cottonwood Heights’ proactive economic development initiatives, such as the 2019 Affordable Housing Plan and the Interlocal Sustainability Action Plan, position it for sustained job
growth.
Draper and Millcreek are standout performers in Salt Lake County’s economic landscape, with both cities demonstrating strong job growth and promising future prospects. Draper’s median household income, significantly above the national average, underscores its affluent and skilled workforce, fostering a thriving business environment. The city hosts a diverse economy with strengths in technology, healthcare, and professional services. Millcreek, similarly, boasts above-average wellbeing scores and a vibrant community connection, which enhances its appeal for businesses and residents alike. Both cities benefit from Utah’s ranking as the nation’s most economically diverse state, with projected job growth in healthcare, IT, and renewable energy sectors through 2032, per BLS projections. Draper’s low unemployment and high median earnings and Millcreek’s focus on community-driven development position them for sustained economic growth.
Silicon Slopes is the burgeoning tech hub centered in Salt Lake City with significant economic impact to the neighboring areas. This dynamic technology powerhouse, often dubbed the “Entrepreneur Capital of the World”, contributes over $20 billion annually to Utah’s economy—roughly 10% of the state’s output. The Silicon Slopes region is home to many major facilities and corporations that greatly enhance the economic performance of Utah. Silicon Slopes enhances Utah’s economic resilience with its strategic advantages—low taxes, business-friendly policies, and a skilled workforce from nearby universities—which position it as a magnet for corporate relocations and expansion.
Broker of Record:
Craig Thomas/CBRE, Inc.
UT Lic. 5730183
CBRE’s Self Storage Advisory Group is retained as the exclusive listing agent for the Cubes Self Storage 3 Portfolio. The properties are located in the Salt Lake City region, with a combined 1,936 units distributed across 214,009 net rentable square feet of ground level drive up, Interior Non-Climate-Controlled, and Interior Climate-Controlled storage space.
Cottonwood Heights, UT, presents a compelling investment opportunity driven by its robust economy and steady job growth. The city’s strategic location in Salt Lake County, coupled with above-average personal and community wellbeing scores, enhances its appeal for businesses and residents alike. Looking forward, Cottonwood Heights’ proactive economic development initiatives, such as the 2019 Affordable Housing Plan and the Interlocal Sustainability Action Plan, position it for sustained job
growth.
Draper and Millcreek are standout performers in Salt Lake County’s economic landscape, with both cities demonstrating strong job growth and promising future prospects. Draper’s median household income, significantly above the national average, underscores its affluent and skilled workforce, fostering a thriving business environment. The city hosts a diverse economy with strengths in technology, healthcare, and professional services. Millcreek, similarly, boasts above-average wellbeing scores and a vibrant community connection, which enhances its appeal for businesses and residents alike. Both cities benefit from Utah’s ranking as the nation’s most economically diverse state, with projected job growth in healthcare, IT, and renewable energy sectors through 2032, per BLS projections. Draper’s low unemployment and high median earnings and Millcreek’s focus on community-driven development position them for sustained economic growth.
Silicon Slopes is the burgeoning tech hub centered in Salt Lake City with significant economic impact to the neighboring areas. This dynamic technology powerhouse, often dubbed the “Entrepreneur Capital of the World”, contributes over $20 billion annually to Utah’s economy—roughly 10% of the state’s output. The Silicon Slopes region is home to many major facilities and corporations that greatly enhance the economic performance of Utah. Silicon Slopes enhances Utah’s economic resilience with its strategic advantages—low taxes, business-friendly policies, and a skilled workforce from nearby universities—which position it as a magnet for corporate relocations and expansion.
Broker of Record:
Craig Thomas/CBRE, Inc.
UT Lic. 5730183
PROPERTY FACTS
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 214,009 SF |
| Total Land Area | 4.28 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cubes Self Storage - Cottonwood Heights
6743 S 1300 E, Salt Lake City, UT 84121 |
Specialty | 71,640 SF | 1957 | - |
|
Cubes Self Storage - Draper
12362 S 700 E, Draper, UT 84020 |
Specialty | 65,928 SF | 2018 | - |
|
Cubes Self Storage - Millcreek
1053 E 3300 S, Salt Lake City, UT 84106 |
Specialty | 76,441 SF | 2010 | - |
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