Self-Storage Facility
Dove Valley Outdoor Storage
14200 E Otero Ave, Englewood, CO 80112
Listing Price: Request For Offer
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.
Dove Valley Outdoor Storage
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
Listing Price: Request For Offer
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
