Bear River Storage CofO in Washington, Utah

Property Location

225 Buena Vista Blvd
Washington, UT 84780

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investment highlights

  • EXCELLENT VISIBILITY // The three-story facility is prominently located on the north side of Interstate 15 in the greater St. George region. The property is visible to over 55,000 vehicles daily on Interstate 15 and Buena Vista Boulevard.
  • GREAT EXISTING DEMOS AND GROWTH // The five-year population is expected to grow 15.40 percent, bolstered by master planned communities including Solente, Brio, Green Springs, Caldera, Washington Vista, La Venita, and Sky at Brio totaling over 14,500 residential units. The existing average household income is $77,032 in the trade area. Bear River Storage is the only self-storage facility on the north side of Interstate 15.
  • MANAGEMENT UPSIDE POTENTIAL // Most southern Utah self-storage properties are operated by “Mom & Pop” owners with few sophisticated operators in the market. Recently, REITs and large third-party management companies have entered the market allowing out-of-state owners to bring their preferred management company to the property.
  • FLAGSHIP POTENTIAL // Given the high-quality construction, limited “Class A” competitors, and prominent location, Bear River Buena Vista will be the most noticeable self-storage facility in southern Utah. This is an excellent opportunity for a new market entrant to have a flagship location in one of the fastest-growing regions in the country.
  • SOLAR ENERGY // The owner is in the process of installing a rooftop solar system. The system size is 44.84kW DC and is projected to offset approximately 20-25% of the total electrical usage.


Broker Information

Jordan Farrer

First Vice President

Phone: 801.736.2643
License: UT 9220604-SA00

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
License: CO FA100050407

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