400 County Road 982 - Specialty FOR SALE


Arboles, CO 81121
$2,750,000 USD
970-946-4975
400 County Road 982, Arboles, CO for Sale
$2,750,000 USD
Specialty - FOR SALE
1/17
null | 5.69% Cap Rate

400 County Road 982
Arboles, CO 81121


HIGHLIGHTS

  • Excellent location near Navajo Reservoir between Durango and Pagosa Springs, Colorado
  • High Occupancy Rate
  • Limited Onsite Management Requirements

OVERVIEW

Lakeview RV & Boat Storage is an established self storage and Boat/RV storage investment that serves the Navajo Reservoir recreation market in southwest Colorado.The facility has a long standing customer base and a proven operating history. This facility is approximately 1 mile from Navajo State Park, the public boat ramp and RV Park. The property's proximity to the lake provides convenient storage for boat owners seeking quick access to the water and contributes to the continued demand for boat and RV storage. There are 148 storage units totaling approx. 50,350 sq ft of enclosed storage space on 3.6 fenced acres. Improvements were constructed between 1992 and 2022 and feature durable steel I-Beam commercial construction designed for long term performance and low maintenance. This property has maintained a strong year round occupancy history and serves local residents as well as seasonal visitors from Durango, Pagosa Springs and the surround Four Corners region. Current storage inventory and monthly rental rates include: 40 Boat/RV Units 12'x35' Gravel Floor-$150 month; 70 Boat/RV Units 11'x30' Gravel Floor-$135 month; 13 Mini Storage Units 10'x30' Concrete Floor-$110 month; 16 Mini Storage Units 10'x25' Concrete Floor-$95 month; 6 Mini Storage Units 10'x30' Gravel Floor-$75 month; 3 Mini Storage Units 10'x25% Gravel Floor-$70 month; 12 Outdoor Storage Spaces $35 month. The facility is designed for efficient operation with limited onsite management requirements. It's established operating history, diverse unit mix, strong occupancy and location near of of Colorado's premier boating destinations position Lakeview RV & Boat Storage as a well maintained commercial asset with good income. Conveniently located between Durango, CO and Pagosa Springs, CO, Lakeview RV & Boat Storage benefits from demand generated by area residents, outdoor recreation enthusiasts and visitors to Navajo Reservoir.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lakeview RV & Boat Storage

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Self Storage

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

COMMERCIAL

APN/PARCEL ID

616117101017

ASK ABOUT THIS PROPERTY

Mary RigbyMary RigbyMore Info
970-946-4975

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Mary RigbyMary RigbyMore Info
970-946-4975

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.