8775 Us-24Cascade-Chipita Park, CO 80809
- Industrial properties
- 10,225 SF
Property Details for 8775 Us-24
- Property size (Sq ft)
- 10,225 SF
- Property type
- Industrial properties
- Property subtype
- Self storage facilities
Description
This exceptional self-storage facility, located at 8775 US-24 in Cascade-Chipita Park, Colorado (zip code 80809), presents a compelling investment opportunity. The property boasts a total of 10,225 square feet across seven buildings of varying sizes (400 SF, 550 SF, 950 SF, 1,225 SF, 1,500 SF, 2,700 SF, and 3,400 SF), situated on a 1.91-acre lot. The facility features a diverse unit mix including four car stalls, eight 10'x5' units, seventeen 10'x10' units, twenty-two 10'x15' units, twenty-one 10'x15' units, one 15'x15' unit, and one 20'x20' unit. Currently, only one unit is vacant, demonstrating high occupancy rates. The property generates substantial annual gross rent of approximately $116,004, with annual expenses estimated at $25,367 (including taxes, insurance, maintenance, and management). This results in a net operating income (NOI) that supports the asking price of $1,812,754, representing a 5% cap rate. The property benefits from nearly 400 linear feet of highway frontage, ensuring excellent visibility and accessibility. Zoned CCR-t, this nearly new facility requires no anticipated deferred maintenance. Annual property taxes are $7,868, and annual insurance is $6,099. The seller is open to negotiation, making this an attractive passive investment opportunity in a prime location between Colorado Springs and Woodland Park.
Location Insight
- City
- Cascade-Chipita Park
- County
- El Paso
- State
- Colorado
- Latitude
- 38.9163
- Longitude
- -104.983
Comparable in this City
Similar Nearby for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].