2304 Harbor LnEvans, CO 80620

  • Industrial properties
  • 18,455 SF
For Sale

Property Details for 2304 Harbor Ln

Year built
2020
Lot size
2.64 AC
Property size (Sq ft)
18,455 SF
Property type
Industrial properties
Property subtype
Other warehouses
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,047,018
    Hospitality
    $4,623,042
    Educational
    $3,846,316
    Medical
    $3,978,597
    Retail
    $5,983,158
2304 Harbor Ln, Evans, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$89,393
$141,170
$871,100
$1,012,270
-
$505,991
$3,122,236
$3,628,227

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