1049 W 400 N, Payson

$200,000

0 Bed
0 Bath
7.8 Acres
0 Garage

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.

Essential Information
MLS® #1885044
Price$200,000
Bathrooms0.00
Acres7.80
Year Built2024
TypeCommercial Sale
Sub-TypeIndustrial
StatusActive
Community Information
Address1049 W 400 N
AreaPayson; Elk Rg; Salem; Wdhil
SubdivisionCitadel Storage
CityPayson
CountyUtah
StateUT
Zip Code84651
Additional Information
Date ListedJune 24th, 2023
Days on Market398
Listing Details
AgentSteve Vincent
Contact Details801-224-9011
Office

Berkshire Hathaway HomeServices Elite Real Estate

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