For Sale
$4,500,000

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

A well-maintained self-storage facility located at 904 N U.S. Hwy 287 in Fort Collins, Colorado

Overview

Added:
Dec 25, 2024
Days on market:
101
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".

Calvary Realty is proud to present ABC Storage, a well-maintained self-storage facility located at 904 N U.S. Hwy 287 in Fort Collins, Colorado, within the thriving Fort Collins-Loveland MSA, serving a population of over 370,000. Offered at a pricing guidance of $4,500,000 with a price per square foot of $123.30, this property spans 36,496 rentable square feet across 203 units, achieving a physical occupancy rate of 88%. Site has approval for an 8,400 square foot building expansion.

Positioned on 4.29 acres, ABC Storage comprises nine single-story, metal and steel-constructed buildings with a gross square footage of 186,981. Built in 1993, the facility offers high visibility and accessibility along the heavily trafficked US Highway 287, which boasts a daily traffic count of 13,100. Its strategic location near the Cache La Poudre-North Park Byway provides proximity to Colorado State University, new housing developments, and multiple lakes and reservoirs.

With features such as gated and fenced access, historically high occupancy, and recent rent increases, ABC Storage presents strong operational performance and income stability. Below-market rents and expansion opportunities further enhance the property’s investment potential, making it a compelling opportunity in the dynamic Fort Collins market.

Owner is willing to carry interest only financing for a 5-year period!

Highlights

  • • Seller Financing Available • 4th Largest City in Colorado • High Historical Occupancy • Gated & Fenced • Approved for 8,400 sq. ft. Expansion • Recent Rent Increase • Home to Colorado State University • Proximity to Multiple Lakes and Reservoirs • High Traffic Count • High Visibility

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

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904 N U.S. Hwy 287
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