Investment Overview

Marcus & Millichap is pleased to present this Exclusive Listing for 4830 Platinum Drive in Colorado Springs, CO. This is a 3,740 square foot storage facility that situated on a 0.22-acre lot. The property was built in 1979, has a clear height of approximately 12’, and has C-2 zoning, which allows for a variety of uses. The building has a total of 17 units ranging in different sizes, all of which are currently occupied on a month-to-month basis. Existing rents are well below market which allows a buyer to increase cash flow in a quick time frame. The lot is also fenced and gated which provides tenants and a buyer with additional security as well. There have been improvements made to the site in recent years including: remolding exterior with a stucco finish, custom made steel gutters for better drainage, secondary gate providing further security of inside units, and upgrades to the sheetrock inside most units. 4830 Platinum Dr is conveniently located in north central Colorado Springs, with quick access to Austin Bluffs Parkway and North Academy Boulevard, and is surrounded by plenty of residential homes, retail, and other amenities.