A-1 Canyon Storage for Sale

4200 North Morgan Valley Drive
Morgan, UTAH 84050

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$850,000
Price Reduced

A-1 Canyon Storage is an excellent investment located in the quaint town of Morgan, Utah. It contains 69 units, 28 of which are 10x20 units which bring in the largest amount of income. The expenses are 13% of the gross rents and there are no utilities bills to pay. There is also room to add 5600 more square feet, adding big upside in this deal. This facility is very lucrative because of its consistent economic occupancy rate around 93% and presents an opportunity for an owner/user or an outside investor.

Currently, the co-owner of the facility manages the facility because he lives nearby. He has lease agreements ready and collects checks monthly. He would consider being hired to continue to manage A-1 Canyon Storage at a negotiable price.

Also the facility has had a good year. They are consistently around 93% occupied and have been for the last couple months. The higher occupancy is a direct result of the Morgan population growth. There is a very nice new development on the east side of I-84, and Morgan is becoming a more popular place to live. With Powder Mountain and Snow Basin ski resorts near, people have taken a liking to Morgan's close access to outside recreational parks.

CONTACT: Jason Smith at 801.736.2600

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