Extra Space (Managed) – Layton, UT

Property Location

2010 N Main Street
Layton, Utah 84041

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investment highlights

  • Class “A” Construction and Location // Full conversion completed in 2019 with interior buildout and a new 20-Year Roof. Extra Space (Managed) Layton is the only REIT-managed property in the trade area.  The facility is highly visibly located on Antelope Rd and Main Street which combine for over 75,000 cars per day.
  • Accelerated Lease Up // Opening in June 2019, the facility far exceeded lease up projection reaching 88 percent occupancy in 12 months and is currently 96 percent occupied (September 2021).
  • High Barrier to Entry // In response to a number of new developments from 2016 – 2019, Layton City has altered zoning to curtail future self-storage development. Future projects are required to be a minimum of three stories tall, located in an Industrial Zone, and meet a number of design requirements.
  • Demographics // The three-mile population is currently 87,343 with 28,240 households, and an Average Household Income of $87,453. The property is 2.6 miles from Hill Air Force Base, the Air Force’s second largest base, which employs 27,000 active duty, contractor, and private personnel.

Broker Information

Jordan Farrer

Senior Associate

Phone: 801.736.2643
Email: jfarrer@marcusmillichap.com
License: UT 9220604-SA00

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

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