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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.

Additional Information
1
Berkshire Hathaway HomeServices Elite Real Estate
$0
Rich
Bear Lake County
Bear Lake County
Bear Lake
Bear Lake County
$200,000
10
30-022-0098
North

Commercial Sale For sale

1049 W 400 N, Payson, Utah 84651

7.80 Acre
$200,000
Listing ID #1885044
Basic Details
Status : Active
Property Type : Commercial Sale
Property sub-type : Industrial
Listing Type : For sale
Listing ID : 1885044
Price : $200,000
Year Built : 2024
Lot Area : 7.80 Acre
Country : US
State : UT
County : Utah
City : Payson
Zipcode : 84651
Subdivision : Citadel Storage
DOM : 62
Neighborhood : Payson
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