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Mr. Richard, the self storage unit in Maynardville, TN sold yesterday.
Thank you so much for your wonderful site. It works. It really does. We
had a broker in town work for a year to sale it and not until we listed on this site did we finally get the result we wanted. Thank you very much.

The Zeppelin's

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Self Storage Facility For Sale in Lehi, Utah

AAA Self Storage
874 West 1500 North
Lehi, UT 84043
 

Price: $740,000
Number of Units: 64
Acres: .64
Square Footage:
13,750
Gross Income: $75,420
Expenses: $9.809
Net Income: $58,069
Occupancy: 94%
Cap Rate:  7.8%

Marcus & Millichap is pleased to offer AAA Self Storage, located off Highway 89 in Lehi, Utah. With a total of 64 units and a gross income of more than $75,000 per year, as well as the business running with very low maintenance, this investment poses an excellent buy. The prior management paid very little attention to this facility and as a result, had lower rents, lower vacancy, and delinquent tenants. Since the new ownership, the business has become smooth running and legitimate and as a result has done a complete turnaround. Rents are up, tenants are on time, and occupancy is steadier. Renters pay online now that there is a new website in place and as a result become on time and there is less collection problems. The new ownership has also installed a security gate and keypad for extra security, positioning the investment to run more smoothly. The seller also paid Google for clicks on its website that would direct tenants to AAA Self Storage's website and facility phone listing.

 



Contact:
Marcus & Millichap
Jason Smith
50 West Broadway, Suite 100
Salt Lake City, UT 84101
Phone:(801)736-2600
Fax:(801)736-2610
www.marcusmillichap.com




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Last Updated: October 13, 2009

 

 

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