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.
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.
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8775 Us-24 Cascade-Chipita Park, CO 80809
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8775 Us-24 Cascade-Chipita Park, CO 80809
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8775 Us-24, Cascade-Chipita Park, CO
Holly Trinidad
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