Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility

Self Storage Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Number of Storage Units: 89
  • Acreage: 10 acre(s)
  • Square Footage: 16,925 sqft
  • Occupancy: 84%
  • Year Built: 2001
  • Cap Rate: 7.4%
  • Listing ID: 295502
  • Posted On: Oct 9, 2012
  • Updated On: Jul 26, 2013

Description

Storage One is located on the north side of State Highway 86, 3 miles east of the Walmart Supercenter in Elizabeth, Colorado and offers 417 feet of Colorado Highway 86 frontage. There are 89 self-storage units including a 1375 sf work shop and space for 45 RVs, boats or trailers on just the front 4 acres of the property. With a total site size of over 10 acres, there is plenty of room to expand your new business.
The storage units are currently 83% occupied and 66% of the parking spots are still available which will allow for a considerable profit increase at full occupancy and a Pro Forma CAP rate of 10% as well as additional sales income potential from truck rentals, storage container delivery, moving supplies, locks, etc.

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Financial Information (Actual)

Gross Income: $88
Operating Expense: $10
Net Operating Income: $73
Expense Ratio: 11.4 %