Timp Hwy Self Storage
Timp Hwy Self Storage
Marketing description
MORE INFO / VIEW OFFERING MEMORANDUM: TIMP Hwy Self Storage - CBRE Self Storage Advisory Group
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor
for Timp Hwy Self Storage, which consists of 84,446 net rentable square feet
with interior climate-controlled units. The facility will be delivered at Certificate of
Occupancy and is located in Lehi, Utah, a high-growth technology hub strategically
positioned in the heart of the Silicon Slopes corridor.
Timp Hwy Self Storage is situated in a growing region boasting wonderful
demographics and strong development activity. There is a major, 100-acre
mixed-use development underway directly across Utah State Route 92 from the
subject property, that will feature 320,000 SF of retail (including a Target and
Trader Joe’s currently under construction), 208 residential units, and 316,000
SF of Class A office space. Inverness is a master-planned community located
approximately 0.9 miles from Timp Hwy Self Storage on 845 acres that will offer
approximately 2,400 single-family and multi-family residential units along with
commercial space. Panorama Point is a 4-Story, Class A Corporate Campus just
under 1-mile west of the subject property, featuring 206,277 SF of industrial space
with structured/covered parking and EV charging. A mixed-use development is
underway approximately 1-mile west of the subject property that covers 29 acres
and includes 133,000 SF of retail space (featuring Whole Foods along with highend
restaurants and national retailers), 285 residential units, Class A office space,
and 900 parking stalls and adding up to 1,000 future jobs to the area. The city is
benefiting from one of the largest private investments in Utah history, as Texas
Instruments is delivering an approximately $11 billion semiconductor expansion
located roughly 3.5 miles from Timp Hwy Self Storage, expected to create about
800 high‑wage jobs, reinforcing Lehi’s long-term role in advanced manufacturing
and national supply chains. Also located 3.5 miles from the subject property, the
Lewis Landing Business Park is an industrial site offering two 87,000 SF warehouse
buildings (Building A is completed, with Building B currently under construction).
These and other major mixed‑use and transit‑oriented developments represent
over $1 billion in planned investment, adding thousands of residential units,
hundreds of thousands of square feet of office and retail space, and supporting
thousands of permanent and construction-related jobs, positioning Lehi for
sustained population, employment, and income growth over the next decade.
Investment highlights
- Strategic Location: Positioned in Lehi, One of Utah’s Fastest-Growing Employment Hubs Anchored by a Dense Concentration of High-Wage Tech Employers
- Limited Competitive Supply Profile: The Immediate Lehi Submarket Remains Constrained Relative to Population Growth, with High Barriers to Entry Including Zoning, Land Scarcity, and Rising Construction Costs Supporting Long-Term Rent Stability
- 11B Semiconductor Manufacturing Expansion: Texas Instruments is Delivering One of the Largest Private Investments in Utah History with an $11 Billion Semiconductor Expansion Located Roughly 3.5 Miles from the Subject Property
- Favorable Utah Self-Storage Fundamentals: Utah Consistently Ranks Among the Fastest-Growing States in the U.S. with Lehi Outpacing State Averages in Job Creation and Household Formation, Supporting Long-Term Storage Demand
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