For Sale
$4,500,000

904 N U.S. Hwy 287 Fort Collins, CO

High-occupancy, expandable self-storage facility in Fort Collins, CO.

Overview

Added:
Dec 25, 2024
Days on market:
124
This exceptional self-storage facility, located at 904 N U.S. Hwy 287 in Fort Collins, Colorado, presents a compelling investment opportunity. The property boasts 36,496 rentable square feet across 203 units, achieving an 88% occupancy rate. Built in 1993, the facility comprises nine single-story buildings constructed of metal and steel, situated on a 4.29-acre lot. The property benefits from high visibility and accessibility along US Highway 287, a heavily trafficked road with a daily count of 13,100 vehicles. Its strategic location near the Cache La Poudre-North Park Byway offers proximity to Colorado State University, new residential developments, and numerous lakes and reservoirs, serving a population exceeding 370,000 within the Fort Collins-Loveland MSA. The facility features gated and fenced access, and recent rent increases have contributed to strong operational performance and income stability. Further enhancing its investment potential are below-market rents and an approved expansion plan for an additional 8,400 square feet. The asking price is $4,500,000, and the seller is offering interest-only financing for a five-year period. This represents a rare opportunity to acquire a well-maintained, high-performing self-storage asset in a thriving Colorado market.

Highlights

  • Highly profitable self-storage facility in Fort Collins, CO, generating $244,736 NOI.
  • 88% occupancy with 203 units across 36,496 rentable sq ft.
  • Approved for 8,400 sq ft expansion on 4.29 acres with seller financing available.

Property Details for 904 N U.S. Hwy 287

Property type
Self storage facilities
Investment Type
stabilized
Square Feet
36,496 SF
Price / Square Foot
$123.30
Year Built
1993
Buildings
9
Stories
10
Elevators
N/A
Net Rentable (sq. ft)
36,496 SF
Lot Size (sq. ft)
186,872 SF
Units
203
Occupancy
88%
Net Operating Income
$244,736

Location Insight

City
Fort Collins
County
State
Colorado

FAQs

What type of property is this?
Self storage facility - High-occupancy, expandable self-storage facility in Fort Collins, CO.
Where is the self storage facility located?
The property is located at 904 N U.S. Hwy 287 Fort Collins, CO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Highly profitable self-storage facility in Fort Collins, CO, generating $244,736 NOI.; 88% occupancy with 203 units across 36,496 rentable sq ft.; Approved for 8,400 sq ft expansion on 4.29 acres with seller financing available.
How can I contact the broker?
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904 N U.S. Hwy 287
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