Project Description
The Self-Storage Group of Cushman & Wakefield and EquiCap Commercial have been exclusively selected to market the sale of this Self-Storage Opportunity.
SOLD
NRSF – 75,495
Take advantage of the opportunity to acquire a self-storage facility in the affluent and populated Denver–Aurora–Lakewood MSA. This metropolitan area was home to over 2.9 million residents as of the 2020 census. Located just a short 9-mile drive from the Denver Zoo and Cherry Creek state park, Englewood offers proximity to all the attractions of Denver and Aurora while living in a safe, vibrant suburb with a median household income of $65,533.
Located just off US Hwy 85 and US Hwy 285 in the city’s downtown, this self-storage facility is located near the Englewood Civic Center. Completed in 2020, the 75,495 square-foot, newly built structure hosts 652 small, medium, and large self-storage units ranging from 25 up to 300 square feet. The facility offers convenient drive-up access and personal belongings are protected by individually alarmed units and 24/7 security camera monitoring. All units at the facility also feature climate control, which is in high demand during the winter season.
In summary, this unique self-storage offering provides investors with the opportunity to acquire an established self-storage property in a growing suburban area in close proximity to the city’s center and two major roadways.
Investment Highlights
- Located in Englewood; a suburb south of Denver with a median household income of $65,533.
- Prime location right off Hwy 85 & Hwy 285.
- Modern Facility completed in 2020.
- The 75,495 square-foot facility is equipped with 652 units.
- Facility is protected by individual unit alarms and 24/7 video recording.
- Physical occupancy is 73.1%/79.3% while economic occupancy is currently 59.5%.