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Self-Storage Facility

Hill & Home Storage Portfolio

2222 Sanford Dr, Grand Junction, CO 81505

Listing Price: $13,900,000

Cap Rate
5.01%
Number of Units
107
Occupancy
78.4%
Gross SF
135,050
Rentable SF
135,050
Price/Rentable SF
$102.92
Year Built
1995

Investment Overview

Combined total 135,050 NRSF of self-storage across seven locations throughout the western slope of Colorado covering the cities of Grand Junction and Palisade. Currently all locations remote managed by the local owner.

Investment Highlights

  • BELOW MARKET RENTS // Asking rates 30 percent below market despite 97 percent physical occupancy.
  • SELLER FINANCING // 6.0 percent interest only rate, 50 percent LTV, five-year balloon.
  • UPSIDE POTENTIAL // Increasing economic occupancy from its current 78 percent (physical at 97 percent). Implementing revenue management practices, offering tenant insurance, implementing typical self-

Exclusively Listed By

Self-Storage Facility

Hill & Home Storage Portfolio

Listing Price: $13,900,000

Cap Rate
5.01%
Number of Units
107
Occupancy
78.4%
Gross SF
135,050
Rentable SF
135,050
Price/Rentable SF
$102.92
Year Built
1995

Investment Highlights

  • BELOW MARKET RENTS // Asking rates 30 percent below market despite 97 percent physical occupancy.
  • SELLER FINANCING // 6.0 percent interest only rate, 50 percent LTV, five-year balloon.
  • UPSIDE POTENTIAL // Increasing economic occupancy from its current 78 percent (physical at 97 percent). Implementing revenue management practices, offering tenant insurance, implementing typical self-

Investment Overview

Combined total 135,050 NRSF of self-storage across seven locations throughout the western slope of Colorado covering the cities of Grand Junction and Palisade. Currently all locations remote managed by the local owner.

Exclusively Listed By

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