- 119 units, 100% occupied with waiting list
- Upside through increasing rents on in place tenants
- Great access and visibility in a growing area
- Low expense ratio, No capital improvements required
- 100% occupancy achieved with no advertising
- Few existing competitors
The LeClaire Group of Marcus & Millichap is proud to present Secure Storage, located in Tremonton, in Box Elder County, 0.8 miles from the I-15. Adjacent to the Box Elder County Fairgrounds.
The facility consists of one hundred nineteen units. Units range in size from 5×14 to 19×38, with the majority of the units being 10×10, 12×15, and 10×20.
Built in 2002, the property features a fully fenced, electronic gate allowing users extended access. The driveways are paved and each unit has drive-up access, steel sloped roofs, roll-up doors, and concrete floors.
The facility is visible from the I-15 and two minutes from the off-ramp. Located adjacent to the Box Elder County Fairgrounds, one of the main attractions to Tremonton.
Currently, the facility operates at 100% occupancy and there are a number of legacy tenants at below market rates. This presents an opportunity for a new owner to raise rents on all existing clients, and increase returns.