Secure Self Storage – Clinton, Utah

investment highlights

LOW SUPPLY MARKET // In the five-mile trade area, the current supply is only 4.31 net rentable square feet per capita with 2.41 climate-controlled square feet per capita. There is only one facility planned in a five-mile radius, which will bring the total supply to 5.77 square feet per capita.
EXPANSION OPPORTUNITY // Approximately 6.31 acres for expansion. Three acres were recently converted into RV Outdoor parking, which could also be expanded to the remainder of the vacant land. There is an individually metered, 12,000-square foot vacant warehouse that could easily be converted for indoor parking.
CLASS A DRIVE-UP // Phase One was constructed in 2007, and Phase Two in 2017. Solar was introduced in 2017 and offsets most of the electricity cost. Secure Self Storage is the premium facility in the region and should command the highest rents.
GROWING POPULATION // Since 2010, the three-mile radius has grown by 16.6 percent and is projected to grow another 7.3 percent by 2027. Secure Storage is surrounded by new home construction and residential neighborhoods, making the property well-positioned for the future.

Broker Information

Jordan Farrer

Vice President

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

Adam Schlosser

Senior Managing Director

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

Download Marketing Package

First Name*
Last Name*
Email*
Phone*
Title
Company
What is your role in the industry?*
- Principal
- Broker
- Other
CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as SECURE SELF STORAGE. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners.

BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement.

THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it.
2. This Agreement applies to all Information about the Property received from Broker or Owner, now or in the future, which is not readily available to the general public. Buyer understands that all Information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
3. All Information shall be used for the sole purpose of evaluating the potential acquisition of the Property and shall not at any time or in any manner be used for any other purpose.
4. Buyer shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants.
5. Buyer and Buyer’s Broker acknowledge there is no co-op fee being paid.
6. Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any Information provided by them. Buyer assumes full and complete responsibility for confirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
7. The persons signing on behalf of Buyer and Broker represent that they have the authority to bind the party for whom they sign.
8. This agreement shall be governed and construed in accordance with the laws of the State of Colorado.
9. Return of Documents: Upon review of Information provided, if Buyer no longer has an interest and does not wish to pursue negotiations leading to this acquisition, Buyer agrees to return in a timely fashion all Information provided in its original form to Charles D. LeClaire and/or Adam Schlosser, if requested. Photocopying or other duplication is strictly prohibited.
10. In the event any party breaches its obligations under this Agreement, the prevailing party (parties), in any lawsuit brought to enforce the provisions of this Agreement, shall be entitled to reasonable attorney’s fees and costs in addition to all other remedies available to it.
Terms*
- Yes I agree to the terms and conditions
Phone
This field is for validation purposes and should be left unchanged.

We're here for you. Let us know how we can help.

Contact The LeClaire-Schlosser Group