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820 W UTAH AVE Payson UT 84651-1741

[Locked] • APN 56-044-0001

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Details
Property Type Self Storage
Building SqFt 51,755
Lot SqFt 207,303
Acreage ******
Number of Units 1
Zoning Code I-1
Year Built 2023
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Interest Rate ******
Mortgage Recording Date ******
Lender Name ******
Tax Year ******
Tax Land ******
Tax Additions ******

Property History

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Property Type
Property Type
Self Storage
Marketing Description

Paca Storage, a new self-storage facility in Payson, Utah, offers a variety of unit sizes, ranging from 25 to 533 square feet, and climate-controlled options. This state-of-the-art facility is conveniently located next to I-15 and boasts high-quality cinderblock construction. The property spans 4.7 acres, with 50,860 square feet of gross building area. Of the 325 units, 186 are climate-controlled, and 139 are non-climate-controlled. The facility has significant potential for increased occupancy and income.


Investment Highlights
  • High-Quality Construction: The facility’s robust cinder block construction ensures the long-term protection of stored items.
  • Climate-Controlled Units: A significant portion of the units offer climate control, catering to customers seeking optimal storage conditions for sensitive belongings.
  • Expansion Potential: The property’s expansive 4.76-acre size, provides substantial room for future expansion to meet growing storage demands where Paca Storage currently parks RV’s. You could build another 50,000 SF of storage on the remaining land.
  • Significant Upside Potential: With a current occupancy rate of 46%, Paca Storage offers substantial upside potential through proactive management and leasing strategies to increase occupancy and maximize financial performance.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
RD
Richard Dodge PRO
•••.•••.4264
•••••••.•odge@••••••••.com
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Comparable Properties

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Rental Market Overview

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This rental data is based on the nearest market to this property: Santaquin, UT.
Santaquin, UT median rent ********
***  ****** **** *** ******** ***
National median ********
Compare median rents across markets
Santaquin, UT (nearest market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
Data provided byDwellsy IQ
*All information is deemed reliable but not guaranteed.
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