investment highlights
- GREAT DEMOGRAPHICS // In a three-mile radius, there are 140,483 people, 56,631 households, and an average household income of $71,809. The population is projected to grow by 5.4 percent in the next five years.
- NEARBY APARTMENT COMMUNITIES // There are approximately 1,875 apartments within a half-mile radius of Big Ben’s Moving & Storage. Nearby communities include Mountain Shadows (262 units), Dominguez Park (110 units), Riverbend (200 units), Riverfront (288 units), Meadowbrook Station (256 units), and Eight20 Apartments (412 units).
- OCCUPANCY OPPORTUNITY // With minimal advertising, the property maintains an 80 percent occupancy rate. With an increased advertising budget, a new owner could increase occupancy.
- FUNCTIONING REMOTE OPERATION // The property is managed remotely. On-site personnel handle lock checks, trash pick-up, and security, all other operations are remote.
property summary
Big Ben’s Moving & Storage is a 162-unit, 20,400 net rentable square foot self-storage facility located in South Salt Lake, Utah. The property sits on around 1.39 acres of land, was initially constructed in 1998, and contains two single-story self-storage buildings with 152 drive-up units.
Big Ben’s Moving & Storage has many amenities including a gated entry with a digital keypad, 24/7 video surveillance throughout the facility, asphalt driveways, and units with roll-up doors.
The facility is centrally located in South Salt Lake with excellent visibility from South 700 West and over 7,000 passing vehicles per day. There are major drivers in the immediate area such as Lowe’s, Wendy’s, Maverick, Burger King, and Meadow Brook Golf Course to name a few.
