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1981 N Chappel Dr - RightSpace Storage

47,900 SF Specialty Building Offered at $6,889,296 CAD 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.

Property Facts

Price $6,889,296 CAD
Price Per SF $144 CAD
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 26-051-0074
  • 26-051-0024
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,913,376 CAD

zoning

Zoning Code I-1 (Light Industrial zone)
I-1 (Light Industrial zone)
  • Listing ID: 34275909

  • Date on Market: 2024-12-23

  • Last Updated:

  • Address: 1981 N Chappel Dr, Spanish Fork, UT 84660

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