Aurora, CO – Argus Self Storage Advisors is pleased to announce the successful sale of iBox Self Storage, a value-add self-storage facility in Aurora, Colorado. Argus represented the seller in the transaction.
Located at 1255 S. Gun Club Road in the Murphy Creek submarket, iBox Self Storage consists of approximately 63,240 rentable square feet across 491 units, including a diversified mix of drive-up, inside non-climate, and temperature-controlled units, along with 20 parking spaces. Owner-operated at the time of sale, the facility offered new ownership a clear value-add opportunity through professional management, rental rates positioned below the surrounding market, and operational efficiencies. The property is further supported by Ventana Capital’s Parklands Village, a master-planned community of more than 5,000 homes planned directly behind the site.
Aurora is Colorado’s third-most-populous city, with more than 414,000 residents and roughly 5,000 new residents added each year. The local economy is anchored by major employers including Buckley Space Force Base, the University of Colorado Anschutz Medical Campus, and the Fitzsimons Innovation Community. The E-470 corridor has emerged as one of the Denver metro’s most active growth areas, with The Aurora Highlands alone projected to house over 32,000 residents, while new self-storage supply across the Denver MSA has remained modest.
“Aurora is right in our backyard, so it was rewarding to bring iBox Self Storage to market and see the level of engagement it generated through a fully marketed process,” said Ben Vestal, President at Argus Self Storage Advisors. “Buyers recognized both the in-place upside and the residential growth coming to the E-470 corridor, and that competition translated into a strong outcome for our client. Well-located self-storage in growing Denver-area submarkets continues to attract deep, active capital.”
Argus Self Storage Advisors continues to be a market leader in self-storage brokerage, leveraging its national platform and local market expertise to deliver best-in-class outcomes for its clients.
Based in Denver, Colorado, Argus Self Storage Advisors (Argus) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the Argus network has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit www.argus-selfstorage.com.
