investment highlights
- STABLE, RELIABLE CASHFLOW // The Storage House Redwood has historical occupancy north of 90 percent with little concession or discounting on rents. With strong visibility and demographics, there is an opportunity to further drive rent increases. The property provides new ownership with a well-maintained, remotely operated, self-storage facility with little to no capital improvement needed.
- SOLARI BY EDGE HOMES // Directly next to the property, EDGE Homes is under construction on Solari, a residential master planned development that will contain roughly 300 units. The development will include ~240 townhomes, 40 condominiums, and 15 single family detached homes. This dense new development will provide a captive customer base for the storage facility.
- STRONG DEMOGRAPHICS WITH GROWTH // In the three-mile trade area of the property, there is a population of 131,293 that is expected to grow 2.95 percent over the next five years. The average household income is $90,011, and there are 48,255 households in the trade area.
- ATTRACTIVE BASIS // The property is offered at $115 per net rentable square foot and a 6.01 percent in place cap rate. Through April 2026, revenue is trending nearly 11 percent higher than 2025.
- QUALITY CONSTRUCTION // Built in 1997 and 2001, the property features masonry exterior walls, standing seam metal roofs, and concrete drive aisles. The security cameras were recently upgraded to support remote management.
property summary
The Storage House Redwood is a 49-unit, 9,592 net rentable square foot self-storage facility located in West Valley City, Utah. The property sits on around 0.54 acres of land, was initially constructed in 1997 and contains six single-story self-storage buildings with all drive-up units.
The Storage House Redwood has many amenities including a gated entry with a digital keypad, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll-up doors.
The facility is centrally located in West Valley City with excellent visibility from Redwood Road and over 34,500 passing vehicles per day. There are major drivers in the immediate area such as Costco, In-N-Out Burger, Olive Garden, and Hobby Lobby to name a few.
