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Self-Storage Facility

Dove Valley Outdoor Storage

14200 E Otero Ave, Englewood, CO 80112

Listing Price: Request For Offer

Number of Units
618
Occupancy
90.6%
Gross SF
14,800
Rentable SF
14,800
Year Built
2014

Investment Overview

Three single-story self-storage buildings totaling 157 units consisting of 30 units which are climate controlled, 28 non-climate indoor units and 99 drive up units. There are 70 recently canopied spaces and 391 open RV/Boat parking spaces for a total of 618 units. Metal buildings with metal roofs and full perimeter fencing. The facility comes with one high door unit behind the office.

Investment Highlights

  • VIRTUALLY 100 PERCENT OCCUPANCY ON OUTDOOR PARKING WITH THE OPPORTUNITY FOR CONSISTENT RENT GROWTH.
  • AS OF JUNE 2, 2022 PHYSICAL OCCUPANCY IS 91.59 PERCENT AND AN ECONOMIC OCCUPANCY OF 83.82 PERCENT.
  • 40 OF 70 NEW CANOPIED PARKING SPACES RENTED SINCE SEPTEMBER 2021. THE REMAINDER SHOULD FILL BY LATE FALL OF 2022.
  • IF THE REMAINING 30 SPACES ARE RENTED AT MARKET RATES, ECONOMIC OCCUPANCY WOULD BE 97 PERCENT.
  • ALL REMAINING OUTDOOR PARKING SPACES ARE APPROVED FOR CANOPY CONVERSION.
  • OPPORTUNITY TO COLLECT GREATER LATE FEES AND TENANT INSURANCE.
  • GROWING SOUTHEAST LOCATION WITH DEMAND EXPANDING RAPIDLY AND GREAT FIVE MILE TRADE AREA DEMOGRAPHICS.

Exclusively Listed By

Self-Storage Facility

Dove Valley Outdoor Storage

Listing Price: Request For Offer

Number of Units
618
Occupancy
90.6%
Gross SF
14,800
Rentable SF
14,800
Year Built
2014

Investment Highlights

  • VIRTUALLY 100 PERCENT OCCUPANCY ON OUTDOOR PARKING WITH THE OPPORTUNITY FOR CONSISTENT RENT GROWTH.
  • AS OF JUNE 2, 2022 PHYSICAL OCCUPANCY IS 91.59 PERCENT AND AN ECONOMIC OCCUPANCY OF 83.82 PERCENT.
  • 40 OF 70 NEW CANOPIED PARKING SPACES RENTED SINCE SEPTEMBER 2021. THE REMAINDER SHOULD FILL BY LATE FALL OF 2022.
  • IF THE REMAINING 30 SPACES ARE RENTED AT MARKET RATES, ECONOMIC OCCUPANCY WOULD BE 97 PERCENT.
  • ALL REMAINING OUTDOOR PARKING SPACES ARE APPROVED FOR CANOPY CONVERSION.
  • OPPORTUNITY TO COLLECT GREATER LATE FEES AND TENANT INSURANCE.
  • GROWING SOUTHEAST LOCATION WITH DEMAND EXPANDING RAPIDLY AND GREAT FIVE MILE TRADE AREA DEMOGRAPHICS.

Investment Overview

Three single-story self-storage buildings totaling 157 units consisting of 30 units which are climate controlled, 28 non-climate indoor units and 99 drive up units. There are 70 recently canopied spaces and 391 open RV/Boat parking spaces for a total of 618 units. Metal buildings with metal roofs and full perimeter fencing. The facility comes with one high door unit behind the office.

Exclusively Listed By

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