This is a great opportunity for a new buyer to buy a mismanaged deal and execute a hands-on approach. Located in desirable Lafayette, the upside in this opportunity is through physical lease-up and improvements to the property (currently at 66% unit occupancy, compared to the market, which sits at well above 90% occupancy).
Lafayette is open for business and is a strong supporter of economic development. The City is located just northwest of Denver in southeast Boulder County, 10 miles east of Boulder. The community offers a small-town atmosphere with the convenience of easy access to a major metropolitan area. Lafayette’s location, accessibility, and high-quality of life combine to make it a desirable location for residential, commercial, and light industrial development.
CubeSmart Self Storage(3rd Party Managed)$9,950,000664 Units
CubeSmart Self Storage (3rd party managed) is a new Class-A facility which opened on August 23, 2023 (ideally located at Ring Road and Tunnel Hill Road). Excellent traffic counts exceeding 20,000 VPD at the intersection on Ring Road. Strong demographics with average household incomes of $101,000 within a 5-mile radius.
CubeSmart is without question the nicest facility in town and all the competitors are 100% occupied and have been for several years. Excellent construction – Rabco building package and BCMI as the GC.
Harrisonville Mini Storage is a well-maintained, established facility with outstanding visibility at the well traveled intersection of I-49 and Missouri 7. Originally built in 1983, the facility expanded in 2015 with climate control buildings and has room for expansion.
Over 21,000 vehicles per day drive by the facility on Interstate 49, 12 miles south of the Kansas City Metro. The facility offers potential for additional income through new profit centers such as merchandise sales and commissions on truck rentals and tenant insurance.
The property is in Lake Havasu City, AZ with a 2-minute drive from Lake Havasu and the Windsor Boat Launch. This city is known as the “personal watercraft capital of the world” with a thriving snowbird and water sport enthusiast community. With the location of this property in such close proximity to Lake Havasu, it’s a great investment for anyone trying to get into the area.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.
Arcadia, FL Self Storage Development Site$1,400,000
Self-Storage development site on 4.42+/- acres in the centrally located city of Arcadia, Florida. Arcadia is ‘THE’ SW hub connecting Punta Gorda, Fort Myers, Lakeland, and Port Charlotte as well as Sarasota and Bradenton. These surrounding cities are undergoing rapid growth and development expanding towards the market area. The site has 600’ of frontage on a busy corridor of Highway 17 with over 14,100 cars per day.
The proposed configuration consists of 4 single-story buildings totaling 74,910 GSF of storage; including a mix of 69,810 GSF of climate-controlled storage and an additional 5,100 GSF of drive up non-climate storage. The site has in place sidewalk, curb and gutter, full utility access and a commercial sized curb cut, apron and culvert in place. The land is ¾ cleared and mowed with no wetland or flood zone and a desirable building soil (Smyrna sand). Additionally, this site qualifies as an Opportunity Zone with tax deferrals/benefits as well as a REAP Grant eligible providing funding for solar energy if desired. The sale is contingent upon the Seller providing site plan approval and removal of political risk.
This is a turnkey development that encompasses two phases on approximately 5 acres. The site is located on Charlotte Avenue just west of St. Rd. 19 which is the main north/south artery in Elkhart. All approvals and entitlements are in place for the entire project which is slated for 76,120 rentable square feet. The first phase has all site work completed (grading, drainage, fencing, gate & keypads, etc.), is completely fenced and has two buildings erected (6,000 SF). Paving of the drive lanes has not been done. The remainder of the first phase calls for another 22,920 square feet to be erected for a total of 28,920 SF. Grading, drainage and paving will need to be completed for phase II and the fence will need to be expanded out from phase I. The second phase plans for another 47,200 SF for a total of 76,120 SF.
Lucky 7 Storage$850,00085 Units, 12 Containers, 32 Parking Spots Units
Lucky 7 Storage is a great opportunity to purchase a well-located, value-add self storage business. The facility is situated in Cambridge, MN, less than an hour north of the Twin Cities MSA with strong demographics. Lucky 7 Storage consists of 19,326 rentable square feet and 85 units of self storage. The facility also includes 12 storage containers, 32 parking spots and a ~500 square foot office space that could be rented out to a tenant. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence and grow rent rates and ancillary revenue sources.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
BlackCat Storage is an 8,000 square foot storage facility located in the Mexia, TX submarket, due east of Waco, TX. Consisting of 80 non-climate-controlled units, being 96% occupied, the property sits on 6.93 acres of total land (of which around 2 acres is currently being used). The location has excellent exposure off a main artery within Mexia, on Tyler Street. This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage as well as room to grow existing rents.
This is a perfect opportunity to purchase a beautifully built self storage property that combines desired drive up and interior climate control units. Taking advantage of year-round high occupancy, this is a stabilized turnkey operation that any buyer can succeed with.
All Secure Self Storage conveniently sits right at the intersection of U.S. Hwy 85 and 120th Ave, in between Denver and Brighton. U.S. Hwy 85 serves as a main thoroughfare between Denver and Northern Colorado. More than 12,500 individuals live and work within a 1 mile radius of the U.S Hwy 85 and 120th Avenue intersection, a number that is projected to grow by 34% by 2040. Existing daily traffic volumes along U.S. Hwy 85 on this section range from approximately 21,000 – 29,000 vpd.
Home Run Public Storage in Granite Falls, Minnesota offers investors a great opportunity to own a self storage business with minimal immediate competition. With 2 locations in Granite Falls, Home Run Public Storage is well-established in the market, providing 57 units totaling 8,608 rentable square feet of drive-up self storage and 10,190 rentable square feet of heated warehouse space.
The facility’s drive-up units are consistently near 100% occupancy, allowing the new owner to capitalize on the demand through expansion. There is room to build at the Highway 212 location by way of ground up development or a conversion of additional units in the heated warehouse space. This offering is priced below the cost to build at $32 per square foot and provides a great opportunity for an entrepreneur to improve operations to create long-term value.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
Monroe Self Storage Development SiteCall Broker480 Units
Encompassing approximately 2.28 acres of vacant land, this offering includes unappealable site plan approvals and construction drawings, positioning it as a turnkey solution for the development of a state-of-the-art, class-A multi-story self-storage facility. The envisioned three-story structure, spanning 64,624 gross square feet, will offer a total of 48,225 net rentable square feet across 480 units, delivering a premier storage solution to the market.
Benefiting from a prime location and convenient access, the property enjoys excellent visibility and frontage along Berlin Cross Keys Road, a prominent thoroughfare less than 1 mile from the Atlantic City Expressway. The surrounding market, with a population of approximately 144,000 within a 5-mile radius, presents a robust demand for self-storage, complemented by a per capita self-storage space of approximately 5.73 square feet.
