1981 N Chappel Dr - Self-Storage Facilities FOR SALE


Spanish Fork, UT 84660
$4,800,000 USD
303-328-2044
1981 N Chappel Dr, Spanish Fork, UT for Sale
$4,800,000 USD
Self-Storage Facilities - FOR SALE
1/3
null | Request Cap Rate

1981 N Chappel Dr
Spanish Fork, UT 84660


HIGHLIGHTS

  • High Growth Market
  • Great Location
  • Attractive Layout & Design
  • Affluent Area
  • Expansion Opportunity
  • 313 outdoor drive-up units and 49 surface parking spaces

OVERVIEW

RightSpace Storage is a 364-unit, 47,900 net rentable square foot self-storage facility located in Spanish Fork, Utah. The property sits on around 5.11 acres of land and includes approximately 1.17 acres of land for expansion. It was initially constructed in 2001 and contains four single-story self-storage buildings with 313 outdoor drive-up units and 49 surface parking spaces. RightSpace Storage has many amenities including a gated entry with a digital keypad, a free standing house with a leasing office and onsite manager quarters in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways, and units with metal roll-up doors. The facility is located in Spanish Fork, off of Veteran’s Memorial Highway with visibility to over 114,000 passing vehicles per day. Major demand retail drivers within two miles of the facility including Costco, Walmart and Target to name a few. Also close by, within three miles, is the Spanish Fork Municipal Airport and the Intermountain Health Spanish Fork Hospital, a modern community hospital, that focuses on medical/surgical services and Provo lies less than 10 miles to the north.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RightSpace Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

5.11 AC

LAND SF

222,592 SF

ZONING

I-1

APN/PARCEL ID

26-051-0024,26-051-0074

ASK ABOUT THIS PROPERTY

Adam SchlosserMarcus & MillichapMore Info
303-328-2044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Adam SchlosserMarcus & MillichapMore Info
303-328-2044

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.