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Self-Storage Facility

Pink Door Storage

3904 S 8000 W, Magna, UT 84044

Listing Price: $8,800,000

Cap Rate
2.98%
Number of Units
445
Occupancy
75.0%
Gross SF
90,000
Rentable SF
63,630
Price/Rentable SF
$138.30
Year Built
2022

Investment Overview

HIGH QUALITY CONSTRUCTION // Opened in June 2022, the property has high-quality finishes, epoxy-sealed concrete interior floors, a professional leasing office, and angled covered parking for boats and RVs.

STRONG DEMOGRAPHICS // The population in the three-mile radius is projected to grow over six percent by 2029, with a current population of 59,987 and an average household income of $105,691.

RESIDENTIAL GROWTH // The property is near communities such as D.R. Horton’s Little Valley Gateway - Touchstone Townhomes, Ascend at Little Valley, Ivory Homes Mahogany Ridge, Gabler Grove, and Holmes Homes Arbor Park community. Multifamily complexes nearby include Oquirrh Hills, Valley View, Linden Hills, Elk Run, and Coppertree Apartments.

HEALTHY SUPPLY // There are 8.15 total square feet per capita with only 1.28 square feet of climate-controlled storage in the market. With only one project in the pipeline, demand from population growth is projected to outpace new supply.

Investment Highlights

  • HIGH QUALITY CONSTRUCTION
  • STRONG DEMOGRAPHICS
  • RESIDENTIAL GROWTH
  • HEALTHY SUPPLY

Exclusively Listed By

  • Jordan Farrer

    Senior Director Investments

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

Self-Storage Facility

Pink Door Storage

Listing Price: $8,800,000

Cap Rate
2.98%
Number of Units
445
Occupancy
75.0%
Gross SF
90,000
Rentable SF
63,630
Price/Rentable SF
$138.30
Year Built
2022

Investment Highlights

  • HIGH QUALITY CONSTRUCTION
  • STRONG DEMOGRAPHICS
  • RESIDENTIAL GROWTH
  • HEALTHY SUPPLY

Investment Overview

HIGH QUALITY CONSTRUCTION // Opened in June 2022, the property has high-quality finishes, epoxy-sealed concrete interior floors, a professional leasing office, and angled covered parking for boats and RVs. STRONG DEMOGRAPHICS // The population in the three-mile radius is projected to grow over six percent by 2029, with a current population of 59,987 and an average household income of $105,691. RESIDENTIAL GROWTH // The property is near communities such as D.R. Horton’s Little Valley Gateway - Touchstone Townhomes, Ascend at Little Valley, Ivory Homes Mahogany Ridge, Gabler Grove, and Holmes Homes Arbor Park community. Multifamily complexes nearby include Oquirrh Hills, Valley View, Linden Hills, Elk Run, and Coppertree Apartments. HEALTHY SUPPLY // There are 8.15 total square feet per capita with only 1.28 square feet of climate-controlled storage in the market. With only one project in the pipeline, demand from population growth is projected to outpace new supply.

Exclusively Listed By

  • Jordan Farrer

    Senior Director Investments

    (801) 736-2643

    Email Jordan

    License(s): UT: 9220604-SA00, NV: S.0192979, ID: SP54637

    Salt Lake City

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