The Storage House Redwood — Sale in West Valley City, UT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: West Valley City, UT 84119
  • Year built: 1997

Photos

The Storage House Redwood — Sale in West Valley City, UT, photo 1 of 2
The Storage House Redwood — Sale in West Valley City, UT, photo 2 of 2

Investment Figures

Cap rate
6.01%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • STABLE, RELIABLE CASHFLOW • SOLARI BY EDGE HOMES • STRONG DEMOGRAPHICS WITH GROWTH • ATTRACTIVE BASIS • QUALITY CONSTRUCTION

Market Context

This commercial property in West Valley City, UT is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1997. Compare it against other commercial property listings for sale in West Valley City, UT — view the full market.

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