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Self-Storage Facility

FreeUp Storage Devonshire

8700 Devonshire Blvd, Denver, CO 80229

Listing Price: $4,700,000

Cap Rate
4.46%
Number of Units
280
Occupancy
30.3%
Gross SF
28,230
Rentable SF
28,230
Price/Rentable SF
$166.49
Year Built
1985

Investment Overview

Building layout consists of three single-story buildings made up of 280 non-climate controlled units totaling 28,230 NRSF. Concrete block exteriors with flat metal roofs surrounded by wooden and chain-link fencing. Roll-up doors and paved drives throughout.

Investment Highlights

  • 272,743 Population; 98,510 Households; $83,544 Average HH Income within Five Miles
  • Surrounded by dense residential housing with a Walmart within one mile of the subject.
  • At just 70 percent occupancy, the subject is well below the market average creating a substantial opportunity to increase revenue.

Exclusively Listed By

Self-Storage Facility

FreeUp Storage Devonshire

Listing Price: $4,700,000

Cap Rate
4.46%
Number of Units
280
Occupancy
30.3%
Gross SF
28,230
Rentable SF
28,230
Price/Rentable SF
$166.49
Year Built
1985

Investment Highlights

  • 272,743 Population; 98,510 Households; $83,544 Average HH Income within Five Miles
  • Surrounded by dense residential housing with a Walmart within one mile of the subject.
  • At just 70 percent occupancy, the subject is well below the market average creating a substantial opportunity to increase revenue.

Investment Overview

Building layout consists of three single-story buildings made up of 280 non-climate controlled units totaling 28,230 NRSF. Concrete block exteriors with flat metal roofs surrounded by wooden and chain-link fencing. Roll-up doors and paved drives throughout.

Exclusively Listed By

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