21715 State Highway 131 - Self-Storage Facilities FOR SALE


Phippsburg, CO 80469
$727,000 USD
310-344-5458
21715 State Highway 131, Phippsburg, CO for Sale
$727,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | 5.5% Cap Rate

21715 State Highway 131
Phippsburg, CO 80469


HIGHLIGHTS

  • On-Line Management System
  • Potential to Increase Rents

OVERVIEW

On US 40 in Phippsburg, Flat Tops Storage is well-located for Routt County residents, as well as anyone traveling south or west for recreation. The two-story building has 40 units in varying sizes from 5’x10’ units to 15’x20’ garages. Historical occupancy is approximately 90% and reservations and payments are managed on-line. The business has a strong cash flow and upside potential via additional occupancy or increased lease rates on the garages. This is an established, turn-key opportunity for someone looking to acquire a business with strong fundamentals and proven cash flow. Storage business continue to do well and experience low vacancy rates as the population of Routt County grows with outdoor users needing to store seasonal toys, equipment and personal belongings.

FOR SALE DETAILS

PRICE

$727,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flat Tops Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

R6538685

ASK ABOUT THIS PROPERTY

Chris SiasThe Agency Steamboat SpringsMore Info
310-344-5458

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Chris SiasThe Agency Steamboat SpringsMore Info
310-344-5458

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.