200 12th St Rocky Ford, CO 81067

Property Details for 200 12th St

Year built

1994

Construction

TYPE NOT SPECIFIED

Lot size

0.13 lot acres

Property size

2,600 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

4443-181-30007

APU

444318130007

Description

This exceptional self-storage investment opportunity encompasses a portfolio of six buildings totaling 16,650 square feet of non-climate-controlled storage space. Located across multiple addresses in Rocky Ford and Ordway, Colorado, this property boasts 110 units, currently operating at 72.72% occupancy. Built in 1994, the buildings sit on a combined lot size ranging from 0.13 to 2.37 acres. The asking price is $850,000, representing a price per square foot of $51.05 and a price per unit of $7,727.27. The property exhibits a current cap rate of 7.80% with a pro-forma cap rate projected at 11.62%, indicating significant potential for increased profitability. The portfolio presents a unique opportunity to acquire a substantial market share in the Rocky Ford area. Strategic improvements, such as enhanced online presence and management, could further boost occupancy and revenue. The property's location in Otero and Crowley Counties, with addresses including 200 N 12th St, 201 N 13th St, 614 N Main St, and 502 N Main St in Rocky Ford (zip code 81067), and 6511 County Lane 20 in Ordway (zip code 81063), provides convenient access for local residents. The APN for one of the properties is 4443-181-30007. This is a rare chance to acquire an established portfolio at or near replacement cost, offering immediate cash flow and significant upside potential.

Location Insight

City

Rocky Ford

County

Otero

State

Colorado

Longitude

-103.715

Latitude

38.0513

Property Tax & Assessments