1049 W 400 N, Payson, UT 84651

  • $200,000
  • $200,000
1049 W 400 N, Payson, UT 84651
For Sale

1049 W 400 N, Payson, UT 84651

1049 W 400 N, Payson, UT 84651
  • $200,000
  • $200,000

Overview

Property ID: HZ65120
  • Commercial Sale
  • Property Type
  • 2024
  • Year Built

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.

  • Address 1049 W 400 N
  • City Payson
  • State/county UT
  • Zip/Postal Code 84651
  • Area Citadel Storage
  • Country United States

Details

Updated on June 5, 2024 at 9:45 pm
  • Property ID: HZ65120
  • Price: $200,000
  • Land Area: 7.8 Acres
  • Year Built: 2024
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • MLS#: 1885044
  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES ELITE REAL ESTATE
  • Agent Name: Steve Vincent
  • MLS Status: Active

Additional details

  • Tax Annual: 1
  • County: Utah
  • Property SubType: Industrial
  • New Construction: 1

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