239 N 9th St - Colorado Self Storage
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239 N 9th St - Colorado Self Storage
59,415 SF Specialty Building Offered For Sale in Montrose, CO 81401
Investment Highlights
- Prime Location: Great Local Visibility, Near Airport.
- Upside Potential: Ability to Immediately Increase Net Income by Bringing Back U-Haul Income.
- Low Maintenance Costs: Property has been Well Maintained, Very Little Deferred Maintenance.
- High Occupancy: Property has high historical occupancy over 90%.
Executive Summary
View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/colorado-self-storage/
CBRE’s Self Storage Advisory Group proudly presents Colorado Self Storage, a traditional self storage facility located in the Montrose, CO MISA. The property features 375 units distributed across 59,415 net rentable square feet of ground level drive up and interior climate controlled storage space along with covered parking.
Investors will find Colorado Self Storage an exceptional opportunity due to the strategic location with nine ski resorts within a two-hour drive of the facility which significantly boost the local economy. These resorts which include Telluride, Crested Butte, Powderhorn, Monarch Mountain and Purgatory Resort attract more than a combined 1.35 million visitors annually, with Telluride alone drawing over 500,000 skiers each year. Over the past decade, the popularity of these resorts has steadily increased, contributing to a thriving tourism industry and enhancing the overall economic vitality of the Montrose area. Montrose boasts a low unemployment rate of 2.9% and projected job growth of 55.9% over the next decade, indicating a robust economic outlook.
The facility is conveniently located near major points of interest such as the Montrose Regional Airport (which is a full-service airport that offers flights daily to Denver and in the winter to Los Angeles due to its proximity to 9 ski resorts) and the vibrant downtown area, which attract both residents and visitors. Additionally, significant employers like Montrose Memorial Hospital and educational institutions such as Colorado Mesa University - Montrose provide a stable economic base within a mile of the property. Future developments, including the Flex Park at Colorado Outdoors and the West Side Arterial Project, promise to enhance infrastructure and accessibility, further boosting the area’s attractiveness. These factors collectively make this investment a promising venture with significant growth potential.
Listing Agent:
Walter Brauer
CO Lic. FA.100090679
CBRE’s Self Storage Advisory Group proudly presents Colorado Self Storage, a traditional self storage facility located in the Montrose, CO MISA. The property features 375 units distributed across 59,415 net rentable square feet of ground level drive up and interior climate controlled storage space along with covered parking.
Investors will find Colorado Self Storage an exceptional opportunity due to the strategic location with nine ski resorts within a two-hour drive of the facility which significantly boost the local economy. These resorts which include Telluride, Crested Butte, Powderhorn, Monarch Mountain and Purgatory Resort attract more than a combined 1.35 million visitors annually, with Telluride alone drawing over 500,000 skiers each year. Over the past decade, the popularity of these resorts has steadily increased, contributing to a thriving tourism industry and enhancing the overall economic vitality of the Montrose area. Montrose boasts a low unemployment rate of 2.9% and projected job growth of 55.9% over the next decade, indicating a robust economic outlook.
The facility is conveniently located near major points of interest such as the Montrose Regional Airport (which is a full-service airport that offers flights daily to Denver and in the winter to Los Angeles due to its proximity to 9 ski resorts) and the vibrant downtown area, which attract both residents and visitors. Additionally, significant employers like Montrose Memorial Hospital and educational institutions such as Colorado Mesa University - Montrose provide a stable economic base within a mile of the property. Future developments, including the Flex Park at Colorado Outdoors and the West Side Arterial Project, promise to enhance infrastructure and accessibility, further boosting the area’s attractiveness. These factors collectively make this investment a promising venture with significant growth potential.
Listing Agent:
Walter Brauer
CO Lic. FA.100090679
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1993 |
| Lot Size | 2.70 AC | Opportunity Zone |
Yes
|
| Building Size | 59,415 SF |
| Sale Type | Investment |
| Property Type | Specialty |
| Lot Size | 2.70 AC |
| Building Size | 59,415 SF |
| No. Stories | 1 |
| Year Built | 1993 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | R0650723 | Improvements Assessment | $628,700 |
| Land Assessment | $128,030 | Total Assessment | $756,730 |
PROPERTY TAXES
Parcel Number
R0650723
Land Assessment
$128,030
Improvements Assessment
$628,700
Total Assessment
$756,730
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239 N 9th St - Colorado Self Storage
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