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Self-Storage Facility

AAA Platte Self Storage

4510 Edison Ave, Colorado Springs, CO 80915

Listing Price: $19,000,000

Cap Rate
5.54%
Number of Units
539
Occupancy
77.0%
Rentable SF
215,908
Price/Rentable SF
$88.00
Year Built
1969

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale AAA Platte Self Storage located in Colorado Springs, Colorado. The facility consists of 539 climate-controlled units, 13 office spaces, and six commercial spaces totaling 215,908 total net rentable square feet. There are also 303 parking spaces available for rent. The property is fully secured with an on-site management office, and video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 255,019, which represents a 17 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street just two miles from Colorado Springs Airport and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 40,000 cars per day off East Platte Avenue. AAA Platte Self Storage is being offered for $19 million or $88.00 per rentable square foot.

Investment Highlights

  • Colorado Springs Large, Stabilized Self-Storage Facility with Upside
  • 3.319 Percent, Nine Year Interest-Only Assumable Loan
  • 215,908 Net Rentable Square Feet
  • 539 Climate-Controlled Units | 303 Parking Spaces | 13 Office Spaces | Six Commercial Spaces

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Financing By

Self-Storage Facility

AAA Platte Self Storage

Listing Price: $19,000,000

Cap Rate
5.54%
Number of Units
539
Occupancy
77.0%
Rentable SF
215,908
Price/Rentable SF
$88.00
Year Built
1969

Investment Highlights

  • Colorado Springs Large, Stabilized Self-Storage Facility with Upside
  • 3.319 Percent, Nine Year Interest-Only Assumable Loan
  • 215,908 Net Rentable Square Feet
  • 539 Climate-Controlled Units | 303 Parking Spaces | 13 Office Spaces | Six Commercial Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale AAA Platte Self Storage located in Colorado Springs, Colorado. The facility consists of 539 climate-controlled units, 13 office spaces, and six commercial spaces totaling 215,908 total net rentable square feet. There are also 303 parking spaces available for rent. The property is fully secured with an on-site management office, and video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 255,019, which represents a 17 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street just two miles from Colorado Springs Airport and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 40,000 cars per day off East Platte Avenue. AAA Platte Self Storage is being offered for $19 million or $88.00 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

Financing By

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