investment highlights
- CERTIFICATE OF OCCUPANCY OPPORTUNITY // The property was acquired in 2024 and has been undergoing complete renovation to create student-focused smaller units and upgrading the facility. Upon completion, the property will feature 361 temperature controlled and 119 drive-up units.
- PROXIMITY TO UNIVERSITIES // Provo Mini Storage is nearby both Brigham Young University (BYU) and Utah Valley University (UVU). The property is 2.4 miles and less than a 10-minute drive from BYU which has an enrollment of 35,743, and 7.4 miles and 12 minutes from UVU which has an enrollment of 46,809, making it the largest university in the state.
- STRONG POPULATION // Within the three-mile trade area of the property is a population of 99,764 with an expected growth of five percent over next five years.
- HIGH RENT PER SQUARE FOOT UNITS // Provo Mini Storage has an average of 50 square feet per unit. The average rent for a 5×10 non-climate in the trade area is $1.89/SF and $2.61/SF for climate-controlled (As of May 9th, 2025).
property summary
Provo Mini Storage C of O is a 480-unit, 24,143 net rentable square foot self-storage facility located in Provo, Utah. The property sits on around 1.91 acres of land, was initially constructed in 1996/2025* and contains three single-story self-storage buildings with 119 drive-up units.
Provo Mini Storage C of O has many amenities including a gated entry with a digital keypad, an onsite management office, 24/7 video surveillance throughout the facility, asphalt driveways, and units with roll-up doors.
The facility is centrally located in Provo with excellent visibility from East 900 South and over 35,000 passing vehicles per day from it’s nearest main road, S University Avenue. There are major drivers in the immediate area such as Staples, USPS, Harbor Freight, Jiffy Lube, Provo Recreation Center, and Brigham Young University to name a few.
