For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

8775 Us-24 Cascade-Chipita Park, CO 80809

For Sale
$1,812,754

Profitable Colorado Self Storage Business

Property size:
10,225 SF

Description

Added:
Dec 11, 2024
Days on Market:
361
This exceptional self-storage facility, located at 8775 US-24 in Cascade-Chipita Park, Colorado (zip code 80809), presents a compelling investment opportunity. The property boasts a total of 10,225 square feet across seven buildings of varying sizes (400 SF, 550 SF, 950 SF, 1,225 SF, 1,500 SF, 2,700 SF, and 3,400 SF), situated on a 1.91-acre lot. The facility features a diverse unit mix including four car stalls, eight 10'x5' units, seventeen 10'x10' units, twenty-two 10'x15' units, twenty-one 10'x15' units, one 15'x15' unit, and one 20'x20' unit. Currently, only one unit is vacant, demonstrating high occupancy rates. The property generates substantial annual gross rent of approximately $116,004, with annual expenses estimated at $25,367 (including taxes, insurance, maintenance, and management). This results in a net operating income (NOI) that supports the asking price of $1,812,754, representing a 5% cap rate. The property benefits from nearly 400 linear feet of highway frontage, ensuring excellent visibility and accessibility. Zoned CCR-t, this nearly new facility requires no anticipated deferred maintenance. Annual property taxes are $7,868, and annual insurance is $6,099. The seller is open to negotiation, making this an attractive passive investment opportunity in a prime location between Colorado Springs and Woodland Park.

Property Features for 8775 Us-24

General Information

Property type
Self storage facilities
Square Feet
10,225 SF

HighLights

  • Exceptional 10,225 SF self‑storage facility on 1.91 acres in Cascade‑Chipita Park, CO (80809).
  • Seven buildings ranging from 400 SF to 3,400 SF, with a diverse unit mix and high occupancy (only one vacancy).
  • Strong financials: $116,004 annual gross rent, $25,367 annual expenses, resulting in a $90,637 NOI and a 5% cap rate on the $1,812,754 asking price.
  • Excellent visibility with nearly 400 linear feet of highway frontage. Zoned CCR‑t, nearly new condition, minimal deferred maintenance.
  • Seller is motivated and open to negotiation.
Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Map

City
Cascade-Chipita Park
County
El Paso
State
Colorado
Longitude
-104.9830274
Latitude
38.9163213

FAQs

What type of property is this?
Self storage facility - Profitable Colorado Self Storage Business
Where is this self storage facility located?
The property is located at 8775 Us-24 Cascade-Chipita Park, CO.
What is the asking price?
The asking price for this property is $1,812,754.
What are key features of this property?
This property features: Exceptional 10,225 SF self-storage facility on 1.91 acres in Cascade-Chipita Park, CO (80809).; Seven buildings ranging from 400 SF to 3,400 SF, with a diverse unit mix and high occupancy (only one vacancy).; Strong financials: $116,004 annual gross rent, $25,367 annual expenses, resulting in a $90,637 NOI and a 5% cap rate on the $1,812,754 asking price.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message