1049 W 400 N, Payson, UT

$200,000

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7.80

Acres

About 1049 W 400 N

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.

Features of 1049 W 400 N

MLS® # 1885044
Price $200,000
Bathrooms 0.00
Acres 7.80
Year Built 2024
Type Commercial Sale
Sub-Type Industrial
Status Active

Community Information

Address 1049 W 400 N
Area Payson; Elk Rg; Salem; Wdhil
Subdivision Citadel Storage
City Payson
County Utah
State UT
Zip Code 84651

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed June 24th, 2023
Days on Market 396
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentSteve Vincent
OfficeBerkshire Hathaway HomeServices Elite Real Estate
Contact Info801-224-9011

Listing Map

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