Storage Facility for Sale
Family Owned with Potential for Growth
Gated with 24/7 access
The facility is located in the city limits of Berthoud, CO. It has 246 storage units and 200 RV/boat spaces. There is plenty of room for expansion with one additional vacant lot for a total of 8.53 acres.
There are numerous possibilities with this property. It's zoned industrial. M1
Price is: $3,900,000 for 6.1 acres - Storage Business
Two lots Priced at $600,000 (2.43 acres)
Total Price = $4,500,000
Owner carry is available
Possible uses for the additional lots: more storage units, recycling facility, wind facility, solar energy facility, or general industrial
Another idea would be to rezone the lots and make a business park, apartments, etc
There is a ditch on the southeast corner for all drainage.
Lot #3 (vacant) Lot #2 Lot #1R Lot # 2R Lot #3R - storage units, office/house, garages/workshop
- Currently the storage units and RV parking are located on lots 1R, 2R, and 3R (6.15 acres) as shown above.
- Numerous outbuildings are located on Lot 2R.
- Lots #3 is vacant for future expansion.
- The storage units were built in 2001 by the current owner.
- An area located on the southeast corner of the lot allows for adequate drainage
- Berthoud, CO has a population of 8,889+ people with a median age of 43.8 and a median household income of $67,427. 77% are homeowners
Two reasons for population growth in Berthoud is:
1.The PGA golf course opportunity has changed the dynamics of the small town.
2.Growth in Colorado in general - an additional 200k people are expected to move here within 10 years.
Electricity - Poudre Valley REA
Gas - Excel
- 1 out of every 10 people in the US use self-storage
- The average stay in a self-storage facility is 1-3 years
- Lower turnover costs
- Whether the economy is good or bad, people will always need storage
- Cap rate - storage unit 6.40%
- Cap rate - storage unit + 2 lots - 5.4%
- Cap rate - storage + 4 lots - 4.7%
BERTHOUD CO GROWTH SINCE 2000
2 car garage with workshop
Remodeled manager home/office
Outbuilding on Lot #2R
Easy access on Rd 10E
For more information contact: Margaret Herdt, listing agent 970-672-6069 firstname.lastname@example.org