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Self-Storage Facility

FreeUp Storage Aspen Park

9529 S Davis Ave, Conifer, CO 80433

Listing Price: $4,240,000

Cap Rate
6.06%
Number of Units
194
Occupancy
14.9%
Gross SF
25,623
Rentable SF
25,623
Price/Rentable SF
$165.48
Year Built
1986

Investment Overview

Building layout consists of ten single-story buildings made up of 194 non-climate controlled units totaling 25,623 NRSF. Buildings constructed of wood panel exteriors with concrete slab and shingled gable and sawtooth roofs surrounded by wooden and chain-link fencing. Roll-up doors and paved drives throughout.

Investment Highlights

  • Due to the current management reducing rental rates in an effort to lease-up the significant expansion since late-2021, there is an opportunity for a hands on operator to increase street rates and occ
  • Rare opportunity to acquire an existing self storage facility in one of Colorado's highly sought after mountain communities.
  • Lack of buildable land and strict zoning laws in the trade area have limited new supply.

Exclusively Listed By

Self-Storage Facility

FreeUp Storage Aspen Park

Listing Price: $4,240,000

Cap Rate
6.06%
Number of Units
194
Occupancy
14.9%
Gross SF
25,623
Rentable SF
25,623
Price/Rentable SF
$165.48
Year Built
1986

Investment Highlights

  • Due to the current management reducing rental rates in an effort to lease-up the significant expansion since late-2021, there is an opportunity for a hands on operator to increase street rates and occ
  • Rare opportunity to acquire an existing self storage facility in one of Colorado's highly sought after mountain communities.
  • Lack of buildable land and strict zoning laws in the trade area have limited new supply.

Investment Overview

Building layout consists of ten single-story buildings made up of 194 non-climate controlled units totaling 25,623 NRSF. Buildings constructed of wood panel exteriors with concrete slab and shingled gable and sawtooth roofs surrounded by wooden and chain-link fencing. Roll-up doors and paved drives throughout.

Exclusively Listed By

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