200 12Th StRocky Ford, CO 81067

For Sale
$850,000

High-yield self-storage portfolio in Colorado.

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional self-storage investment opportunity encompasses a portfolio of six buildings totaling 16,650 square feet of non-climate-controlled storage space. Located across multiple addresses in Rocky Ford and Ordway, Colorado, this property boasts 110 units, currently operating at 72.72% occupancy. Built in 1994, the buildings sit on a combined lot size ranging from 0.13 to 2.37 acres. The asking price is $850,000, representing a price per square foot of $51.05 and a price per unit of $7,727.27. The property exhibits a current cap rate of 7.80% with a pro-forma cap rate projected at 11.62%, indicating significant potential for increased profitability. The portfolio presents a unique opportunity to acquire a substantial market share in the Rocky Ford area. Strategic improvements, such as enhanced online presence and management, could further boost occupancy and revenue. The property's location in Otero and Crowley Counties, with addresses including 200 N 12th St, 201 N 13th St, 614 N Main St, and 502 N Main St in Rocky Ford (zip code 81067), and 6511 County Lane 20 in Ordway (zip code 81063), provides convenient access for local residents. The APN for one of the properties is 4443-181-30007. This is a rare chance to acquire an established portfolio at or near replacement cost, offering immediate cash flow and significant upside potential.

Highlights

  • Six-building self-storage portfolio totaling 16,650 square feet of non-climate-controlled space in Rocky Ford and Ordway, CO.
  • 110 units currently operating at 72.72% occupancy, offering significant upside potential.
  • Asking price: $850,000 ($51.05/SF, $7,727.27/unit); current cap rate 7.80%, pro-forma 11.62%.
  • Opportunity to acquire a dominant market share in Rocky Ford, CO.

Property Details for 200 12Th St

Property type
Self storage facilities, Industrial properties
Square Feet
16,650 SF
Year Built
1994
Buildings
6
Stories
1
Lot Size (sq. ft)
5,663 SF
Units
110

Location Insight

City
Rocky Ford
County
Otero
State
Colorado
Latitude
38.0513537
Longitude
-103.7154547
200 12Th St, Rocky Ford, Colorado

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200 12Th St
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