- EXCELLENT LOCATION // Located on Commerce Drive and visible from Interstate 15, the facility is visible to over 245,000 cars per day and three minutes from the North and South I-15 interchange. In addition to great visibility, there are over 2,200 apartments within 0.5 miles of the property.
- STRONG HISTORICAL OCCUPANCY // The property is currently 96 percent occupied with a strong track record of high occupancy. Occupancy has been achieved with little to no budget allocated to marketing and advertising.
- UPSIDE TO NEW OWNER // The most recent rent survey reported rents anywhere from 19 percent to 30 percent below market rates. No rent increases were pushed during 2020 and a two percent rent bump took effect June 1st, 2021, leaving ample room to increase and drive revenue in the future.
- GREAT DEMOGRAPHICS // The three-mile trade area has strong demographics with population of 145,683, 58,224 households, and an average household income of $73,472. The trade area is expected to grow another five and one half percent by 2025.