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Self-Storage Facility

Storage Sense

7230 Space Village Ave, Colorado Springs, CO 80929

Listing Price: $5,000,000

Cap Rate
6.52%
Number of Units
326
Occupancy
78.2%
Gross SF
39,510
Rentable SF
39,510
Price/Rentable SF
$126.55
Year Built
2003

Investment Overview

Storage Sense is a 326-unit self-storage facility comprising 39,510 net rentable square feet of ground level self storage space and 105 surface parking spaces across approximately five acres. Originally constructed in 2003, the property
includes 10 single-story metal buildings featuring convenient drive-up units,
outdoor boat and RV storage, and ample circulation for customer access. The
asset’s predominantly single-story configuration and diverse unit mix provide
operational efficiency while accommodating a broad range of personal and business storage needs, with potential expansion offering an opportunity to further increase rentable square footage and enhance the property’s long-term value.

Investment Highlights

  • Planned 10,000 SF self-storage addition by converting an under-utilized parking area into high-yield rentable space.
  • Existing storage units are 94 percent occupied, demonstrating clear market demand and providing confidence that new units will stabilize quickly.
  • The property serves nearly 49,738 residents and 19,221 households within a three-mile radius, with average household incomes of approximately $91,215.

Exclusively Listed By

Self-Storage Facility

Storage Sense

Listing Price: $5,000,000

Cap Rate
6.52%
Number of Units
326
Occupancy
78.2%
Gross SF
39,510
Rentable SF
39,510
Price/Rentable SF
$126.55
Year Built
2003

Investment Highlights

  • Planned 10,000 SF self-storage addition by converting an under-utilized parking area into high-yield rentable space.
  • Existing storage units are 94 percent occupied, demonstrating clear market demand and providing confidence that new units will stabilize quickly.
  • The property serves nearly 49,738 residents and 19,221 households within a three-mile radius, with average household incomes of approximately $91,215.

Investment Overview

Storage Sense is a 326-unit self-storage facility comprising 39,510 net rentable square feet of ground level self storage space and 105 surface parking spaces across approximately five acres. Originally constructed in 2003, the property includes 10 single-story metal buildings featuring convenient drive-up units, outdoor boat and RV storage, and ample circulation for customer access. The asset’s predominantly single-story configuration and diverse unit mix provide operational efficiency while accommodating a broad range of personal and business storage needs, with potential expansion offering an opportunity to further increase rentable square footage and enhance the property’s long-term value.

Exclusively Listed By

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