investment highlights
- STRONG LEASE UP // With superior marketing and location, Extra Space (Managed) Hurricane has exceeded lease-up projections for both Phase One and Phase 2. As the property reaches physical occupancy, management will begin to push the revenue closer to market rates. The property opened Phase One in March 2025, Phase Two in July 2025, and is 76 percent physically occupied as of October 21st, 2025.
- STRATEGIC MARKET LOCATION // City and County officials in Hurricane, Utah, have pushed most of the new self-storage development to the Old Highway 91 Corridor, approximately four miles west of the subject property’s location. The increased supply is located primarily on Old Highway 91, which is removed from the residential density and growth of the market. Extra Space (Managed) Hurricane is strategically positioned in a residential neighborhood, with growing development, and out positions the other facilities to its west. Indicated by the rapid lease-up over the last 18 months.
- GROWING DEMOGRAPHICS // Hurricane, a key growth area in southern Utah’s St. George region, has seen its five-mile populations rise by 64 percent since 2010. The population is now 24,735, with an average household income of $96,827. By 2029, this area is expected to grow another 10 percent.
- TOURISM // Situated on Utah State Route 9, Hurricane serves as the gateway to Zion National Park, Sand Hollow State Park, Quail Creek State Park, and hosts millions of visitors annually.
property summary
Extra Space (Managed) is a 589-unit, 63,345 net rentable square foot self-storage facility located in Hurricane, Utah. The property sits on around 3.27 acres of land, was initially constructed in 2007 (Phase One) and 2025 (Phase Two), and contains twelve single-story self-storage buildings with 328 drive-up units.
Extra Space (Managed) has many amenities including a gated entry with a digital keypad, a separate onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways, and units with roll-up doors.
The facility is centrally located in Hurricane with excellent visibility from North 3700 West, and has over 34,000 passing vehicles per day on it’s cross road, West State Street (Highway 9). There are major drivers in the immediate area such as Walmart, Jersey Mike’s, Maverick, Subway, and Tagg-N-Go Car Wash to name a few.
