TIMP Hwy Self Storage
Lehi, Utah
Executive Summary
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for Timp Hwy Self Storage, which consists of 84,446 net rentable square feet with interior climate-controlled units. The facility will be delivered at Certificate of Occupancy and is located in Lehi, Utah, a high-growth technology hub strategically positioned in the heart of the Silicon Slopes corridor.
Timp Hwy Self Storage is situated in a growing region boasting wonderful demographics and strong development activity. There is a major, 100-acre mixed-use development underway directly across Utah State Route 92 from the subject property, that will feature 320,000 SF of retail (including a Target and Trader Joe’s currently under construction), 208 residential units, and 316,000 SF of Class A office space. Inverness is a master-planned community located approximately 0.9 miles from Timp Hwy Self Storage on 845 acres that will offer approximately 2,400 single-family and multi-family residential units along with commercial space. Panorama Point is a 4-Story, Class A Corporate Campus just under 1-mile west of the subject property, featuring 206,277 SF of industrial space with structured/covered parking and EV charging. A mixed-use development is underway approximately 1-mile west of the subject property that covers 29 acres and includes 133,000 SF of retail space (featuring Whole Foods along with highend restaurants and national retailers), 285 residential units, Class A office space, and 900 parking stalls and adding up to 1,000 future jobs to the area. The city is benefiting from one of the largest private investments in Utah history, as Texas Instruments is delivering an approximately $11 billion semiconductor expansion located roughly 3.5 miles from Timp Hwy Self Storage, expected to create about 800 high‑wage jobs, reinforcing Lehi’s long-term role in advanced manufacturing and national supply chains. Also located 3.5 miles from the subject property, the Lewis Landing Business Park is an industrial site offering two 87,000 SF warehouse buildings (Building A is completed, with Building B currently under construction).
These and other major mixed‑use and transit‑oriented developments represent over $1 billion in planned investment, adding thousands of residential units, hundreds of thousands of square feet of office and retail space, and supporting thousands of permanent and construction-related jobs, positioning Lehi for sustained population, employment, and income growth over the next decade.
Investment Overview
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
