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1049 W 400 N

Payson, UT 84651
  • $200,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: 1885044
UPDATED: 30 min ago
$200,000
  • 0
    BEDS
  • 7.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2024
County:

School Ratings & Info

Description

This is a tenant in common (TIC) Self Storage investment opportunity. Min $200,000 investment required. Total $5,750,000 needs to be raised. Investor can put in any amount over $200,000. Developer is willing to take 1031 exchange money under certain circumstances. No guarantee to meet time constraints required by 1031 exchange. Money is needed by late July/August 2023, more detailed information will be available after a signed NDA. Developer will pay a preferred 4% rate of return on investor money during construction and lease up phase to 80% occupancy. Construction to be completed late 2024. This is a chance to own a piece of a self storage complex that will be Class A with a mix of regular storage, climate controlled storage and outside RV/boat storage. Self Storage is one of the most safe, consistent investments in real estate. No guarantee of specific rate of return after lease up, projections will be available for interested parties. Chance for initial investment to be returned after construction is complete but you can maintain ownership. Take the same money and invest in another project. Ask agent for more details.

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Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-12-08T06:40:02.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
www.nickborba.com/homes/140893311
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1049 W 400 N Payson, UT 84651

  • Price: $200,000
  • Status: Active
  • On Site: 167 Days
  • Updated: 30 min ago
  • ID#: 1885044
0
Beds
0
Baths
0
½ Baths
7.8
Acres
2024
Built
Neighborhood:
Citadel Storage
County:
Utah
Area:
Payson; Elk Rg; Salem; Wdhil
Property Description
This is a tenant in common (TIC) Self Storage investment opportunity. Min $200,000 investment required. Total $5,750,000 needs to be raised. Investor can put in any amount over $200,000. Developer is willing to take 1031 exchange money under certain circumstances. No guarantee to meet time constraints required by 1031 exchange. Money is needed by late July/August 2023, more detailed information will be available after a signed NDA. Developer will pay a preferred 4% rate of return on investor money during construction and lease up phase to 80% occupancy. Construction to be completed late 2024. This is a chance to own a piece of a self storage complex that will be Class A with a mix of regular storage, climate controlled storage and outside RV/boat storage. Self Storage is one of the most safe, consistent investments in real estate. No guarantee of specific rate of return after lease up, projections will be available for interested parties. Chance for initial investment to be returned after construction is complete but you can maintain ownership. Take the same money and invest in another project. Ask agent for more details.
Exterior Features

Attached Garage YN No Carport YN No Construction Status To Be Built Covered Spaces 0 Frontage Length 0.0 Garage YN No Horse Property YN No Lot Size Dimensions 0.0x0.0x0.0 Mobile Length 0 Mobile Width 0 Open Parking YN No Parking Total 0 Pool Private YN No Spa YN No View YN No Waterfront YN No

Interior Features

Bathrooms Partial 0 Cooling YN No Fireplace YN No Heating YN False Rooms Total 0

Property Features

Association YN No Cross Street 400 Current Use Industrial Direction Faces North Lease Considered YN No New Construction YN Yes Property Attached YN No Property Sub Type Industrial Senior Community YN No Tax Annual Amount 1 Zoning Description Com

Listing provided courtesy of Berkshire Hathaway Homeservices Elite Real Estate: 801-224-9011. Information deemed reliable but not guaranteed accurate. Buyer to verify all information. © 2023 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved.


Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2023-12-08T06:40:02.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate. Buyer to verify all information.
 
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Century 21 Everest Realty Group Inc.
6925 Union Park Center
Midvale UT, 84047