1981 N Chappel Dr - RightSpace Storage
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1981 N Chappel Dr - RightSpace Storage
47,900 SF Specialty Building Offered at $4,800,000 in Spanish Fork, UT 84660
Investment Highlights
- High Growth Market
- Attractive Layout & Design
- Expansion Opportunity
- Great Location
- Affluent Area
- 313 outdoor drive-up units and 49 surface parking spaces
Executive Summary
RightSpace Storage is a 364-unit, 47,900 net rentable square foot self-storage facility located in Spanish Fork, Utah. The property sits on around 5.11 acres of land and includes approximately 1.17 acres of land for expansion. It was initially constructed in 2001 and contains four single-story self-storage buildings with 313 outdoor drive-up units and 49 surface parking spaces.
RightSpace Storage has many amenities including a gated entry with a digital keypad, a free standing house with a leasing office and onsite manager quarters in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways, and units with metal roll-up doors.
The facility is located in Spanish Fork, off of Veteran’s Memorial Highway with visibility to over 114,000 passing vehicles per day. Major demand retail drivers within two miles of the facility including Costco, Walmart and Target to name a few. Also close by, within three miles, is the Spanish Fork Municipal Airport and the Intermountain Health Spanish Fork Hospital, a modern community hospital, that focuses on medical/surgical services and Provo lies less than 10 miles to the north.
RightSpace Storage has many amenities including a gated entry with a digital keypad, a free standing house with a leasing office and onsite manager quarters in front of the entrance gate, 24/7 video surveillance throughout the facility, asphalt driveways, and units with metal roll-up doors.
The facility is located in Spanish Fork, off of Veteran’s Memorial Highway with visibility to over 114,000 passing vehicles per day. Major demand retail drivers within two miles of the facility including Costco, Walmart and Target to name a few. Also close by, within three miles, is the Spanish Fork Municipal Airport and the Intermountain Health Spanish Fork Hospital, a modern community hospital, that focuses on medical/surgical services and Provo lies less than 10 miles to the north.
Property Facts
| Price | $4,800,000 | Lot Size | 5.11 AC |
| Price Per SF | $100 | Building Size | 47,900 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2001 |
| Property Subtype | Self-Storage | Parking Ratio | 0.31/1,000 SF |
| Building Class | C |
| Price | $4,800,000 |
| Price Per SF | $100 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.11 AC |
| Building Size | 47,900 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Parking Ratio | 0.31/1,000 SF |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $3,418,310 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,418,310
zoning
| Zoning Code | I-1 (Light Industrial zone) |
| I-1 (Light Industrial zone) |
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1981 N Chappel Dr - RightSpace Storage
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