Hidden Creek Storage

Property Title

9575 S Hidden Bluff Way
Sandy, UT 84070

Download Brochure

investment highlights

  • Strong Occupancy
  • Below Market Rents
  • Unique Opportunity Located in an HOA
  • Built in Tenant Pool
  • Strong Demographics

property summary

Hidden Creek Storage is a 60-unit,14,400 net rentable square foot, self storage facility located within The Villas at Hidden Creek Homeowners Association.  The Villas is a 217-home master planned community located in Sandy, Utah right off the Sandy Parkway/Jordan Gateway which serves 18,524 cars per day. The facility features garage style doors and all units are drive-up accessible. The facility is currently 87 percent physically occupied and managed offsite.

Located in Sandy, Utah, the market features strong demographics, approximately 329,708 people in a five-mile radius with an average household income of $100,642.  Given the close proximity to multiple apartment communities, industrial sites, and single family developments, a new owner will benefit from being the only storage facility in a one and one half mile radius west of I-15.  Sandy is located approximately 18 miles south of Salt Lake City.

Hidden Creek Storage presents a unique opportunity to acquire a stabilized self-storage asset within in a residential development, with the opportunity to increase rates and improve returns.  Due to HOA Bylaws the owner/operator of the self storage must own a residential unit in the community, to comply with these regulations a townhome in the community is being sold with the storage units for $260,000.  The townhome has recently been renovated and has a potential monthly income of $1,500 once leased.  The following analysis does not include the income generated from the townhome.

 

Broker Information

Jordan Farrer

Associate

Phone: 801.736.2643
Email: jfarrer@marcusmillichap.com
License: UT 9220604-SA00

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

We're here for you. Let us know how we can help.

Contact The Leclaire Group