63716 Us Highway 285Bailey, CO 80421

Property Details for 63716 Us Highway 285

Year built

1992

Lot size

2.11 AC

Property size (Sq ft)

4,200 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

R0042239

APU

R0042239

Description

This exceptional self-storage facility in Bailey, Colorado presents a compelling value-add investment opportunity. The property comprises 123 units housed within four single-story buildings totaling 16,245 square feet on a 2-acre lot. Built in 1992, the facility features all-metal construction, a fenced and gated perimeter, and 24-hour accessibility. Unit sizes range from 5x10 to 15x15, including 8x10, 8x15, and 8x20 heavy-gauge steel storage containers. The property currently generates a NOI of $63,088, with a cap rate of 3.95%, but a pro-forma NOI of $156,466 and a pro-forma cap rate of 9.79% indicates significant upside potential through improved management and operational efficiency. The asking price is $1,599,000, or $13,000 per unit, and $98.43 per square foot. The property's location in the growing town of Bailey, Colorado, coupled with the existing under-utilized capacity and available land for expansion, offers a unique chance to increase cash flow immediately. Seller carry financing is available. This is an ideal opportunity for an investor seeking a strong return on investment in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $883,479

  Hospitality

  $809,262

  Educational

  $673,297

  Medical

  $696,452

  Retail

  $1,047,350

Location Insight

City

Bailey

County

Park

State

Colorado

Latitude

39.4392

Longitude

-105.451

CBSA code

19740

CBSA name

DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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