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Self-Storage Facility

Stor Mor Self Storage

2025 1st Ave, Greeley, CO 80631

Listing Price: $1,925,000

Cap Rate
5.50%
Number of Units
393
Occupancy
81.3%
Gross SF
38,960
Rentable SF
38,960
Price/Rentable SF
$49.41
Year Built
1973

Investment Overview

GREELEY, CO LOCATION // The facilities are approximately 1/4 mile apart, both with their own leasing office. They are well located near the University of Northern, CO and their large student population. Stor Mor has strong visibility facing the 22,800 vehicles passing per day. UPSIDE POTENTIAL // Increasing rents at Stor Mor which is currently 99% occupied and improving signage facing Hwy 85. E Z Storage may see upside by creating a website as well as adding security cameras to attract clients looking for safety. FEATURES // Stor Mor has 78 security cameras and LED exterior lights on an automatic sensor. Both locations have concrete block exterior wall construction, asphalt driving surfaces, onsite resident manager, and lights in each unit.

Investment Highlights

  • $49.41 Price / SQFT
  • 393 Units or 38,960 NRSF
  • Pro Forma End of Year 1 Cap Rate: 6.10%

Exclusively Listed By

Self-Storage Facility

Stor Mor Self Storage

Listing Price: $1,925,000

Cap Rate
5.50%
Number of Units
393
Occupancy
81.3%
Gross SF
38,960
Rentable SF
38,960
Price/Rentable SF
$49.41
Year Built
1973

Investment Highlights

  • $49.41 Price / SQFT
  • 393 Units or 38,960 NRSF
  • Pro Forma End of Year 1 Cap Rate: 6.10%

Investment Overview

GREELEY, CO LOCATION // The facilities are approximately 1/4 mile apart, both with their own leasing office. They are well located near the University of Northern, CO and their large student population. Stor Mor has strong visibility facing the 22,800 vehicles passing per day. UPSIDE POTENTIAL // Increasing rents at Stor Mor which is currently 99% occupied and improving signage facing Hwy 85. E Z Storage may see upside by creating a website as well as adding security cameras to attract clients looking for safety. FEATURES // Stor Mor has 78 security cameras and LED exterior lights on an automatic sensor. Both locations have concrete block exterior wall construction, asphalt driving surfaces, onsite resident manager, and lights in each unit.

Exclusively Listed By

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