South Weber Storage – Ogden, UT

Property Location

2192 E South Weber Dr
Ogden, UT 84405

investment highlights

  • OPERATIONAL UPSIDE // The facility is locally owned and operated. A classic “Mom and Pop” facility, they offer no online rentals and no recurring billing. Nearly all payments are handled in person with check or cash, with a small amount being one-time credit card payments. All rental increases have been negotiated with individual tenants in person or on the phone.
  • BELOW MARKET RENTS// South Weber Storage is currently well below market rents. Competitor’s 10×15 rates average $163 with the highest being $172, South Weber Street rate is $135. Similarly, 10×20’s for competitors averages $184 with the high being 226, while South Weber is asking $155.
  • STRONG OCCUPANCY // With no online advertising, or marketing efforts, the property is currently 90 percent physically occupied with occupancy averaging over 90 percent. South Weber Storage is the only storage facility in South Weber city.
  • AFFLUENT AREA // The average household income in the three-mile radius is $125,656.

Broker Information

Jordan Farrer

Senior Associate

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

Adam Lewis

Broker of Record

Phone: 303.328.2000
Email: alewis@marcusmillichap.com
License: 6250302-SA00

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