investment highlights
- IMPRESSIVE LEASE UP // The property was completely vacated and renovated with a more optimal unit mix in 2023. The property hit physical occupancy of 91 percent in February of 2025 and has maintained near 90 percent with aggressive ECRI growth.
- TURNKEY OPERATIONS // The property has gone through extensive renovations — new asphalt, office buildout, new doors and gates, and fresh paint — to reflect an institutional operation and professional manager. The owner is currently installing a Verkada Video Intercom System and an extended access hours system.
- RESIDENTIAL & COMMERICAL DEVELOPMENT // Within three-miles of the property, there are commercial projects exceeding $380,000,000 in value and over 1,100 residential developments in the pipeline.
- STRONG DEMOGRAPHICS // There are approximately 129,500 people in the three-mile trade area and 325,800 people in the five-mile trade area, with over 40,000 households and an average income of $135,000.
property summary
Extra Space (Managed) is a 381-unit, 35,772 net rentable square foot self-storage facility located in West Jordan, Utah. The property sits on around 1.98 acres of land, was initially constructed in 2016 and contains seven single-story self-storage buildings with 174 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, concrete driveways, and units with roll-up doors.
The facility is centrally located in West Jordan with over 6,400 passing vehicles per day on South 4000 West and over 53,500 passing vehicles per day on Bangerter Highway. There are major drivers in the immediate area such as Target, Walmart, Sam’s Club, DICK’S Sporting Goods, Best Buy and In-N-Out Burger to name a few.
