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615 S Mesa St
Fruita, CO 81521

$4,900,000 USD

Self Storage For Sale • 44,150 SF

Property Details

Property Type Self Storage
Total Building Size 44,150 SF
Lot Size 3.02 AC
Building Class B
Year Built 1996

30 Transit Score

40 Walk Score

                
                    Highlights
                
                                As the largest facility in the vicinity at 44,150 NRSF, this property holds a distinct physical advantage. Originally built in 1996.
                            
                                0.3 miles from I-70 0.2 miles from Colorado River State Park, has strong demand for outdoor enthusiasts needing secure storage RV's Boats & Gear.
                            
                                The property benefits from a steadily expanding 30-minute catchment area with a strong 5-mile Average Household Income of over $96,133.
                            
                                44,150 NRSF facility at 88.29% occupancy. Stabilizing operations presents clear path to increase NOI from $287,857 to $363,290  Year 1, 7.41 Cap Rate.
                            
                                Acquired for $4,900,000 ($110.99/NRSF) at a 5.87% cap rate, the asset offers strong upside.
                            
                                Projections indicate steady NOI growth, culminating in a Year 5 sale at $5,520,000 and a 7.26% exit cap rate.