Property Facts
This is a tenant in common (TIC) Self Storage investment opportunity. Min $200,000 investment required. Total $5,750,000 needs to be raised. Investor can put in any amount over $200,000. Developer is willing to take 1031 exchange money under certain circumstances. No guarantee to meet time constraints required by 1031 exchange. Money is needed by late July/August 2023, more detailed information will be available after a signed NDA. Developer will pay a preferred 4% rate of return on investor money during construction and lease up phase to 80% occupancy. Construction to be completed late 2024. This is a chance to own a piece of a self storage complex that will be Class A with a mix of regular storage, climate controlled storage and outside RV/boat storage. Self Storage is one of the most safe, consistent investments in real estate. No guarantee of specific rate of return after lease up, projections will be available for interested parties. Chance for initial investment to be returned after construction is complete but you can maintain ownership. Take the same money and invest in another project. Ask agent for more details.
Misc. Overview
No
NW
Citadel Storage
A
To Be Built
No
Citadel Storage
Property Features
Lot Dimensions
- Frontage Facing: N
Property / Building Info
- Acres: 7.80
Industrial Features
- Total Building Sq Ft: 126,781
Features Include
Buyer's Brokerage Compensation
3% - The listing broker's offer of compensation is made only to participants of UtahRealEstate.com.
Schools
Designated Schools
Nearby Schools
| GreatSchools Rating | School Name | Grades | Distance |
|---|---|---|---|
| Taylor School Public Preschool, Elementary |
PK | 0.64 mi | |
| Payson Middle School Public Middle School |
6-7 | 0.63 mi | |
| Salem Hills High School Public High School |
9-12 | 4.17 mi | |
| Mt. Nebo Junior High School Public Middle School |
7-9 | 0.67 mi | |
| Wilson School Public Preschool, Elementary |
PK | 0.79 mi | |
| Park View School Public Preschool, Elementary |
PK | 1.20 mi | |
| Barnett School Public Preschool, Elementary |
PK | 1.28 mi | |
| Payson Jr High School Public Middle School |
7-9 | 1.32 mi | |
| Payson High School Public Middle School, High School |
6-12 | 1.46 mi | |
| Spring Lake School Public Preschool, Elementary |
PK | 1.94 mi | |
| American Preparatory Academy - Salem Charter Elementary, Middle School, High School |
K-10 | 3.37 mi | |
| Apple Valley School Public Preschool, Elementary |
PK | 3.77 mi | |
| Cs Lewis Academy Elementary |
3.83 mi | ||
| Mt Loafer School Public Preschool, Elementary |
PK | 4.11 mi | |
| Salem School Public Preschool, Elementary |
PK | 4.13 mi |
School data provided by GreatSchools.
For information about radon testing for homes in the state of Utah click here.
Contact Agent
Listing Broker
Berkshire Hathaway HomeServices Elite Real Estate
825 E 1180 S
300
American Fork, UT 84003
801-224-9011