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Self-Storage Facility

CubeSmart Two Property Portfolio

11402 Cherokee St, Northglenn, CO 80234

Listing Price: $16,570,000

Cap Rate
5.38%
Number of Units
487
Occupancy
94.6%
Gross SF
43,302
Rentable SF
43,302
Price/Rentable SF
$382.66
Year Built
1980

Investment Overview

Building layout consists of seven single story self storage buildings and a leasing office, as well as boat and RV parking on the southern side of the property. Structure consists of CMU block, metal partitions between units, metal roll-up doors, and pitched shingle roofs. Elevated signage to Interstate 25 as well as additional signage out on heavily traveled Huron Street.

Investment Highlights

  • The City of Northglenn has Allowed Minimal New Competition into the Area
  • The Property is Currently 94 Percent Physically Occupied with a Track Record of High Occupancy Allowing for Favorable Revenue Growth well into the Foreseeable Future
  • Well Maintained Single-Story Block Construction with Paved Drives Throughout Secured via Wrought Iron Perimeter Fencing and Multiple Digitized Gates

Exclusively Listed By

Self-Storage Facility

CubeSmart Two Property Portfolio

Listing Price: $16,570,000

Cap Rate
5.38%
Number of Units
487
Occupancy
94.6%
Gross SF
43,302
Rentable SF
43,302
Price/Rentable SF
$382.66
Year Built
1980

Investment Highlights

  • The City of Northglenn has Allowed Minimal New Competition into the Area
  • The Property is Currently 94 Percent Physically Occupied with a Track Record of High Occupancy Allowing for Favorable Revenue Growth well into the Foreseeable Future
  • Well Maintained Single-Story Block Construction with Paved Drives Throughout Secured via Wrought Iron Perimeter Fencing and Multiple Digitized Gates

Investment Overview

Building layout consists of seven single story self storage buildings and a leasing office, as well as boat and RV parking on the southern side of the property. Structure consists of CMU block, metal partitions between units, metal roll-up doors, and pitched shingle roofs. Elevated signage to Interstate 25 as well as additional signage out on heavily traveled Huron Street.

Exclusively Listed By

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