207 Prosser Rd Cheyenne, WY 82007
High-Yield Self Storage Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- $8,000,000 asking price for a value-add, Class B self-storage facility.
- 79,282 square feet, multi-tenant, gross lease, with 557 units.
- 86% occupancy, projected to reach 100% by August 30, 2024.
- $566,417 current NOI, $801,071 pro-forma NOI, resulting in a 7.08% current cap rate and a 10.01% pro-forma cap rate.
- Located in Cheyenne, Wyoming, on 4.38 acres, with recent renovations completed in 2023.
- Strong market fundamentals, including a 3.98% trailing twelve-month market street rate increase and a projected 3.70% population growth by 2026, coupled with a $86,365 median household income.
Property Details for 207 Prosser Rd
- Property type
- Self storage facilities
- Square Feet
- 79,282 SF
- Class
- B
- Year Built/Renovated
- 2002/2023
- Stories
- 1
- Lot Size (sq. ft)
- 190,793 SF
- Units
- 557
Location Insight
- City
- Cheyenne
- County
- Laramie
- State
- Wyoming
- Latitude
- 41.1057751
- Longitude
- -104.7988849
Nearby Similar for Sale
FAQs
- What type of property is this?
- Self storage facility - High-Yield Self Storage Investment
- Where is the self storage facility located?
- The property is located at 207 Prosser Rd Cheyenne, WY.
- What is the asking price?
- The asking price for this property is $8,000,000.
- What are key features of this property?
- This property features: $8,000,000 asking price for a value-add, Class B self-storage facility.; 79,282 square feet, multi-tenant, gross lease, with 557 units.; 86% occupancy, projected to reach 100% by August 30, 2024.
- How can I contact the broker?
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