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Self-Storage Facility

Caboose Storage (Home Space Storage)

158 Cardinal Way, Parachute, CO 81635

Listing Price: $2,600,000

Cap Rate
6.00%
Number of Units
328
Occupancy
84.5%
Gross SF
29,510
Rentable SF
29,510
Price/Rentable SF
$88.11
Year Built
1997

Investment Overview

Caboose Storage is a 328-unit, 28,550 net rentable square foot self-storage facility located in Parachute, Colorado. The property sits on around 3.66 acres of land and contains seven single-story self-storage buildings with 328 drive-up units.

Investment Highlights

  • New owner will benefit by raising rates 12-19 percent to match the market, an internet advertising campaign (currently no advertising done and web presence is minimal), and offering tenant insurance.
  • The town of Parachute is located in the Colorado Mountains 43 miles west of Glenwood Springs in the highly desirable I-70 corridor.
  • Main location is visible from I-70 and its 21,026 vehicles per day.

Exclusively Listed By

Self-Storage Facility

Caboose Storage (Home Space Storage)

Listing Price: $2,600,000

Cap Rate
6.00%
Number of Units
328
Occupancy
84.5%
Gross SF
29,510
Rentable SF
29,510
Price/Rentable SF
$88.11
Year Built
1997

Investment Highlights

  • New owner will benefit by raising rates 12-19 percent to match the market, an internet advertising campaign (currently no advertising done and web presence is minimal), and offering tenant insurance.
  • The town of Parachute is located in the Colorado Mountains 43 miles west of Glenwood Springs in the highly desirable I-70 corridor.
  • Main location is visible from I-70 and its 21,026 vehicles per day.

Investment Overview

Caboose Storage is a 328-unit, 28,550 net rentable square foot self-storage facility located in Parachute, Colorado. The property sits on around 3.66 acres of land and contains seven single-story self-storage buildings with 328 drive-up units.

Exclusively Listed By

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