investment highlights
- GROWTH CORRIDOR // West Lehi, Saratoga Springs, and Eagle Mountain are explosive growth regions for Northern Utah. The population in this trade area is anticipated to increase by over 20 percent in the next five years.
- “SMART” CLASS A FACILITY // Saratoga Storage opened in August of 2023 and features best-in-class amenities including a full property Wi-Fi mesh network compatible with “smart devices,” a large professional leasing office with customer restrooms, retail display area, and monitors for security displays.
- LARGE SCALE RESIDENTIAL DEVELOPMENT // Residential developers have delivered thousands of single-family homes, townhomes, apartments and condos in recent years with a robust development pipeline nearby the facility. Master-planned communities include Cold Spring Ranch by DR Horton, The Exchange, Garden Point, and River Point by Edge Homes, and Jordan View Towns by Ivory Homes.
- STRONG DEMOGRAPHICS // The average household income within a three-mile radius is $143,346, with a population of 67,148. The property is highly visible from Redwood Road (UT State Route 68) which serves over 23,500 vehicles per day.
property summary
Saratoga Storage is a 676-unit, 88,015 net rentable square foot self-storage facility located in Lehi, Utah. The property sits on around 3.78 acres of land, was initially constructed in 2023 and contains three single-story self-storage buildings with 100 drive-up units.
Saratoga Storage 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 Lehi with excellent visibility from W Orinda Drive and Redwood Road (Utah SR 68) with over 23,000 passing vehicles per day. There are major drivers in the immediate area such as Walgreens, Walmart, AutoZone, Costco, Domino’s Pizza, T-Mobile, Home Depot, McDonald’s, and UPS to name a few.
