investment highlights
- HIGH QUALITY CONSTRUCTION // Opened in June 2022, the property has high-quality finishes, epoxy-sealed concrete interior floors, a professional leasing office, and angled covered parking for boats and RVs.
- STRONG DEMOGRAPHICS // The population in the three-mile radius is projected to grow over six percent by 2029, with a current population of 59,987 and an average household income of $105,691.
- RESIDENTIAL GROWTH // The property is nearby communities such as D.R. Horton’s Little Valley Gateway – Touchstone Townhomes, Ascend at Little Valley, Ivory Homes Mahogany Ridge, Gabler Grove, and Holmes Homes Arbor Park community. Multifamily complexes nearby include Oquirrh Hills, Valley View, Linden Hills, Elk Run, and Coppertree Apartments.
- HEALTHY SUPPLY // There are 8.15 total square feet per capita with only 1.28 square feet of climate-controlled storage in the market. With only one project in the pipeline, demand from population growth is projected to outpace new supply.
property summary
Pink Door Storage & RV is a 445-unit, 63,630 net rentable square foot self-storage facility located in Magna, Utah. The property sits on around 4.24 acres of land, was initially constructed in 2022 and contains seven single-story self-storage buildings with 220 drive-up units.
Pink Door Storage & RV 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, units with roll-up doors, and covered RV/boat parking.
The facility is centrally located in Magna with excellent visibility from South 8000 West and over 3,000 passing vehicles per day. There are major drivers in the immediate area such as Walmart Neighborhood Market, Cafe Rio, McDonald’s, Dollar Tree, Taco Bell, Panda Express, and Smith’s to name a few.
