NEW
Colorado Springs, CO
Citadel Self Storage
$3,500,000
254 Units
Call for Offers Due: Thursday, July 10th
Citadel Self Storage is a well-located, 254-unit self-storage facility comprising 34,425 rentable square feet, situated on a ±4.65-acre parcel in the heart of Colorado Springs, CO. In addition to the storage component, the property includes two income-producing duplexes positioned at the front of the site—providing both visual appeal and supplemental revenue. The asset is surrounded by dense residential neighborhoods and is located near major retail corridors, including the Citadel Mall and Academy Boulevard, offering high traffic exposure and strong demographic support. With favorable site conditions, flexible zoning, and underutilized land, the property presents clear potential for future expansion, additional storage units, or redevelopment—subject to municipal approvals.
Operationally, the facility generates strong in-place cash flow but is currently under performing in both occupancy and rental rates relative to nearby competitors—creating a compelling value-add opportunity. An incoming operator can drive immediate NOI growth through revenue management, operational efficiencies, and implementation of a hub-and-spoke management model. As the second-largest city in Colorado, Colorado Springs continues to benefit from population growth, a diverse economic base, and increasing demand for self-storage.
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