1001 O StGreeley, CO 80631

For Sale
$2,700,000

High-yield storage facility, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
90
This Greeley, Colorado self-storage facility presents a compelling investment opportunity. Located at 1001 O St, 80631, in Weld County, this single-story, 26,000 square foot facility boasts 196 units and sits on a 2.94-acre lot. Built in 1956 and renovated in 1996, the property offers a mix of climate-controlled indoor and outdoor storage options, featuring fully automated services. Currently operating at 80% occupancy, the facility generates a Net Operating Income (NOI) of $149,020, representing a 5.52% cap rate. Pro-forma projections indicate a 6.51% cap rate and a NOI of $175,716 upon reaching full occupancy by October 29, 2024. The asking price is $2,700,000, translating to $103.85 per square foot and $13,775.51 per unit. The property is classified as Class C, multi-tenancy, and is categorized as a stabilized investment. The seller is open to considering a trade or owner financing options. This well-performing asset offers significant potential for growth and strong returns. The net rentable square footage is 24,926 square feet.

Highlights

  • Excellent location, strong tenant occupancy and consistent cash flow.
  • Prime location in a high-growth market.
  • Modern, efficient building design.

Property Details for 1001 O St

Property type
Self storage facilities, Industrial properties
Square Feet
26,000 SF
Class
C
Year Built/Renovated
1956/1996
Stories
1
Lot Size (sq. ft)
128,066 SF
Units
196

Location Insight

City
Greeley
County
Weld
State
Colorado
Latitude
40.453916364871
Longitude
-104.69466976026
1001 O St, Greeley, Colorado

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1001 O St
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