ModBox Storage Portfolio
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ModBox Storage Portfolio
2 Specialty Properties in Multiple Locations
Investment Highlights
- Properties can be bought together or separate
- Two Facilities totaling 122,980 RSF across 1,058 units
- Operational efficiencies upside – opportunity for new owners to push existing customers current rates and utilize revenue management
- Institutional-quality portfolio in the Denver MSA
- Strategic locations in growing markets with strong demographics
Executive Summary
The ModBox two property portfolio in Brighton and Evans, CO consists of 122,980 RSF across 1,058 units. It is an attractive opportunity to invest in two facilities with strategic locations in growing markets. This portfolio offers investors a stable cash flow and possible value add opportunities by streamlining operations, implementing additional marketing strategies and revenue management to increase both physical and economic occupancies.
ModBox Brighton is located on County Road 2 and has 78,880 rentable square feet across 696 units, offering a strong market presence in a rapidly growing suburban area just north of Denver. The facility benefits from easy access to major thoroughfares, catering to a growing population. With current occupancy levels at 77% physical and 85% economic, there is substantial upside for potential occupancy growth.
ModBox Evans is located on Harbor Lane is consists of 44,100 rentable square feet across 362 units. The facility offers a mix of climate-controlled and non-climate controlled spaced, ensuring offerings to a diverse customer base. Evans, being near Greely, has a strong demographic base with over 138K people within a 5-mile radius and attractive population growth forecasted over the next decade.
ModBox Brighton is located on County Road 2 and has 78,880 rentable square feet across 696 units, offering a strong market presence in a rapidly growing suburban area just north of Denver. The facility benefits from easy access to major thoroughfares, catering to a growing population. With current occupancy levels at 77% physical and 85% economic, there is substantial upside for potential occupancy growth.
ModBox Evans is located on Harbor Lane is consists of 44,100 rentable square feet across 362 units. The facility offers a mix of climate-controlled and non-climate controlled spaced, ensuring offerings to a diverse customer base. Evans, being near Greely, has a strong demographic base with over 138K people within a 5-mile radius and attractive population growth forecasted over the next decade.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 122,065 SF |
| Number of Properties | 2 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 122,065 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 9191 County Road 2, Brighton, CO 80603 | Specialty | 78,880 SF | 2019 | - |
| 2304 Harbor Ln, Evans, CO 80620 | Specialty | 43,185 SF | 2021 | - |
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Cole Carosella -
Amy Hitchingham
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Argus Self Storage Advisors
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