Storage General – Layton, UT (Ogden-Clearfield MSA)

Property Location

184 East Antelope Drive
Layton, Utah 84041

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investment highlights

  • EXCELLENT LOCATION // Located in a rapidly growing market, Storage General’s trade area is expected to grow 8.6 percent by 2026. The property is also located 1.28 miles from Hill Air Force Base, the second largest Air Force Base in the country. There are over 7,500 apartments in the trade area in addition to single-family housing.
  • LEASE UP POTENTIAL // The facility has lagged behind its competitors in both rate growth and lease-up. A more sophisticated manager will be able to implement a more effective marketing and revenue management strategy to capitalize on the superior quality of the property.
  • BEST IN CLASS CONSTRUCTION // Situated on 5.34 acres, the facility has Class A amenities, construction, and curb appeal. All metal buildings, standing seam metal roofs, wide drive aisles, and climate and non-climate units are available.
  • COMPETITIVE MARKET // The comparable properties are a mix of “Mom and Pop,” Professional, and REIT-managed properties. These operators actively manage revenue and will continue to drive rates in the market which will allow Storage General to lease up and increase revenue.

 

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

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