TK Secure Storage – Brigham City, Utah

Property Location

970 West 100 South
Brigham City, UT 84302

99 S 800 W
Brigham City, UT 84302

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investment highlights

  • HIGH OCCUPANCY MARKET // With very little supply built in the market over the last 10 years most properties are operating near full occupancy with limited unit sizes available. The subject property has seen dramatic increase in occupancy simply by implementing more competent management.
  • OPERATIONAL UPSIDE // The facility is run completely remotely with no onsite presence. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan.
  • STRONG REVENUE GROWTH // The owner has consistently implemented rent bumps on existing tenants and new rentals and has increased revenue 28 percent from Spring 2021.
  • GROWING POPULATION // Since 2010 the population of Brigham City has grown by 11 percent and is expected to increase another 6.27 percent by 2026. As housing in the Salt Lake Metro becomes more expensive, affordable communities like Brigham City will see great growth.

Broker Information

Jordan Farrer

Senior Associate

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

Adam Schlosser

Senior Vice President

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

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