213-613-3223
239 N 9th St, Montrose, CO for Sale
Specialty - FOR SALE
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239 N 9th St
Montrose, CO 81401


HIGHLIGHTS

  • Prime Location: Great Local Visibility, Near Airport.
  • Low Maintenance Costs: Property has been Well Maintained, Very Little Deferred Maintenance.
  • Upside Potential: Ability to Immediately Increase Net Income by Bringing Back U-Haul Income.
  • High Occupancy: Property has high historical occupancy over 90%.

OVERVIEW

View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/colorado-self-storage/ CBRE’s Self Storage Advisory Group proudly presents Colorado Self Storage, a traditional self storage facility located in the Montrose, CO MISA. The property features 375 units distributed across 59,415 net rentable square feet of ground level drive up and interior climate controlled storage space along with covered parking. Investors will find Colorado Self Storage an exceptional opportunity due to the strategic location with nine ski resorts within a two-hour drive of the facility which significantly boost the local economy. These resorts which include Telluride, Crested Butte, Powderhorn, Monarch Mountain and Purgatory Resort attract more than a combined 1.35 million visitors annually, with Telluride alone drawing over 500,000 skiers each year. Over the past decade, the popularity of these resorts has steadily increased, contributing to a thriving tourism industry and enhancing the overall economic vitality of the Montrose area. Montrose boasts a low unemployment rate of 2.9% and projected job growth of 55.9% over the next decade, indicating a robust economic outlook. The facility is conveniently located near major points of interest such as the Montrose Regional Airport (which is a full-service airport that offers flights daily to Denver and in the winter to Los Angeles due to its proximity to 9 ski resorts) and the vibrant downtown area, which attract both residents and visitors. Additionally, significant employers like Montrose Memorial Hospital and educational institutions such as Colorado Mesa University - Montrose provide a stable economic base within a mile of the property. Future developments, including the Flex Park at Colorado Outdoors and the West Side Arterial Project, promise to enhance infrastructure and accessibility, further boosting the area’s attractiveness. These factors collectively make this investment a promising venture with significant growth potential. Listing Agent: Walter Brauer CO Lic. FA.100090679

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colorado Self Storage

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

-

APN/PARCEL ID

R0650723

ASK ABOUT THIS PROPERTY

Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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