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.
Hill & Home Storage Portfolio
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
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
