820 W Utah Ave - Industrial FOR SALE


Payson, UT 84651
$8,500,000 USD
801-669-6281
820 W Utah Ave, Payson, UT for Sale
$8,500,000 USD
Industrial - FOR SALE
1/7
null | Request Cap Rate

820 W Utah Ave
Payson, UT 84651


HIGHLIGHTS

  • Brand new high quality construction
  • Unbeatable location being right next to I-15 in Utah County
  • Significant upside in adjacent undeveloped land correctly zoned

OVERVIEW

We are pleased to present this rare investment opportunity, Paca Storage. The newly constructed self-storage facility is in Payson, Utah. This state-of-the-art facility is built with high-quality cinderblock construction and offers a variety of unit sizes, ranging from 25 to 533 square feet, and climate-controlled options. Paca Storage is strategically located near I-15, ensuring convenient access for customers throughout the area. Includes undeveloped land which provides opportunity for future growth. High-Quality Construction: The facility’s robust cinder block construction ensures the long-term protection of stored items. Climate-Controlled Units: A significant portion of the units offer climate control, catering to customers seeking optimal storage conditions for sensitive belongings. Expansion Potential: The property’s expansive 9.72-acre size, with 7.72 acres classified as excess land, provides substantial room for future expansion to meet growing storage demands. Significant Upside Potential: With a current occupancy rate of 42%, Paca Storage offers substantial upside potential through proactive management and leasing strategies to increase occupancy and maximize financial performance.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$167 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Paca Storage

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.72

LAND SF

423,403

ZONING

-

APN/PARCEL ID

56-044-0001

ASK ABOUT THIS PROPERTY

Richard DodgeColliers InternationalMore Info
801-669-6281

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Richard DodgeColliers InternationalMore Info
801-669-6281

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