63716 Us Hwy 285 Bailey, CO 80421
- Warehouses
- 4,200 SF
- 2.11 lot acres
Current Use by Public Records
- Warehouses
Property Details for 63716 Us Hwy 285
- Year built
- 1992
- Lot size
- 2.11 lot acres
- Property size
- 4,200 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- R0042239
- APU
- R0042239
Description
This exceptional self-storage facility in Bailey, Colorado presents a compelling value-add investment opportunity. The property comprises 123 units housed within four single-story buildings totaling 16,245 square feet on a 2-acre lot. Built in 1992, the facility features all-metal construction, a fenced and gated perimeter, and 24-hour accessibility. Unit sizes range from 5x10 to 15x15, including 8x10, 8x15, and 8x20 heavy-gauge steel storage containers. The property currently generates a NOI of $63,088, with a cap rate of 3.95%, but a pro-forma NOI of $156,466 and a pro-forma cap rate of 9.79% indicates significant upside potential through improved management and operational efficiency. The asking price is $1,599,000, or $13,000 per unit, and $98.43 per square foot. The property's location in the growing town of Bailey, Colorado, coupled with the existing under-utilized capacity and available land for expansion, offers a unique chance to increase cash flow immediately. Seller carry financing is available. This is an ideal opportunity for an investor seeking a strong return on investment in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bailey
- County
- Park
- State
- Colorado
- Longitude
- -105.451
- Latitude
- 39.4392
- CBSA code
- 19740
- CBSA name
- DENVER-AURORA, CO METROPOLITAN STATISTICAL AREA
