2304 Harbor LnEvans, CO 80620

Property Details for 2304 Harbor Ln

Year built

2020

Lot size

2.64 AC

Property size (Sq ft)

18,455 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

R0611301

APU

R0611301

Description

This exceptional self-storage portfolio comprises two state-of-the-art facilities in high-growth Colorado markets: Evans and Brighton. The portfolio totals 122,980 rentable square feet, encompassing 1,058 units built in 2019 and 2020. The ModBox Brighton location, situated on County Road 2, offers 78,880 rentable square feet across 696 units, boasting convenient access to major roadways and serving a rapidly expanding suburban area north of Denver. Currently operating at 77% physical and 85% economic occupancy, this facility presents significant potential for increased occupancy. The ModBox Evans facility, located on Harbor Lane, features 44,100 rentable square feet and 362 units, offering a mix of climate-controlled and non-climate-controlled storage options to cater to diverse customer needs. Benefiting from its proximity to Greeley, Evans boasts a robust demographic base exceeding 138,000 people within a 5-mile radius and promising population growth projections for the next decade. This portfolio offers a compelling investment opportunity, with the potential for enhanced operational efficiencies, strategic marketing initiatives, and revenue management strategies to further boost both physical and economic occupancy rates. Properties may be purchased individually or as a combined portfolio. This institutional-quality portfolio within the Denver MSA presents a stable cash flow and attractive value-add potential.

• Alternative Use

  Use

  Valuation

  Residential

  $5,047,018

  Hospitality

  $4,623,042

  Educational

  $3,846,316

  Medical

  $3,978,597

  Retail

  $5,983,158

Location Insight

City

Evans

County

Weld

State

Colorado

Latitude

40.3767

Longitude

-104.719

CBSA code

24540

CBSA name

GREELEY, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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