Self-Storage Facility
Fox Farm Storage
407 E Fox Farm Rd, Cheyenne, WY 82007
Listing Price: $6,300,000
Cap Rate
5.46%
Number of Units
816
Occupancy
98.8%
Gross SF
113,775
Rentable SF
113,775
Price/Rentable SF
$55.37
Year Built
2000
Investment Overview
Located in Cheyenne, Wyoming the two property portfolio features class "A" institutional quality, drive-up, non-climate-controlled units.
Fox Farm Storage
Investment Highlights
- CHEYENNE WY GROWTH MARKET // Strong growth due to its proximity to Denver (100 miles south) and Fort Collins CO (45 miles south), favorable tax rates, job opportunities, and high quality of life.
- WELL OCCUPIED MARKET // This facility and two nearby competitors are at 94-98 percent physical occupancy.
- UPSIDE POTENTIAL // Selling tenant insurance, increasing rental rates and implementing a professional revenue management strategy. The current owner doesn't allow online rentals.
- MARKET GROWTH POTENTIAL // The five-mile population is projected to grow 4.2 percent by 2026 with an average household income of $81,124.
- PRIME LOCATION // Located on the well traveled East Fox Farm Road and just 1,800 feet from an intersection with the major Interstate 80.
Listing Price: $6,300,000
Cap Rate
5.46%
Number of Units
816
Occupancy
98.8%
Gross SF
113,775
Rentable SF
113,775
Price/Rentable SF
$55.37
Year Built
2000
Investment Highlights
- CHEYENNE WY GROWTH MARKET // Strong growth due to its proximity to Denver (100 miles south) and Fort Collins CO (45 miles south), favorable tax rates, job opportunities, and high quality of life.
- WELL OCCUPIED MARKET // This facility and two nearby competitors are at 94-98 percent physical occupancy.
- UPSIDE POTENTIAL // Selling tenant insurance, increasing rental rates and implementing a professional revenue management strategy. The current owner doesn't allow online rentals.
- MARKET GROWTH POTENTIAL // The five-mile population is projected to grow 4.2 percent by 2026 with an average household income of $81,124.
- PRIME LOCATION // Located on the well traveled East Fox Farm Road and just 1,800 feet from an intersection with the major Interstate 80.
Investment Overview
Located in Cheyenne, Wyoming the two property portfolio features class "A" institutional quality, drive-up, non-climate-controlled units.
