50 N Research Dr - Self-Storage Facilities FOR SALE


Pueblo, CO 81007
$875,000 USD
720-909-8601
50 N Research Dr, Pueblo, CO for Sale
$875,000 USD
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

50 N Research Dr
Pueblo, CO 81007


HIGHLIGHTS

  • Offered at $750,000 for the operating facility, with an adjacent one acre parcel available for $125,000, or $875,000 for a combined acquisition.
  • The adjacent one acre parcel enhances the appeal for regional and institutional buyers seeking a satellite facility with long term flexibility
  • The property totals 16,820 rentable square feet across storage and parking.
  • The facility includes 12,200 RSF of drive up storage across 60 units and 4,620 RSF of paved RV and boat parking across 20 units
  • In place economic and physical occupancy are approximately 79%, providing immediate upside through lease up and improved revenue management.
  • Average in place rents are approximately $0.60 per square foot and remain below several near-by competitors, supporting clear rent growth potential

OVERVIEW

Value add opportunity for buyer to capitalize on strong occupancy and below market rents, with in place economic and physical occupancy near 79% and average rents of approximately $0.60 per square foot that trail nearby competitors. Very well constructed single story drive up self storage facility with a simple layout, efficient unit mix, and paved RV and boat parking that enhances demand and revenue diversification. Strong submarket demographics support long term demand. The three mile population is approximately 22,100 and the three mile average household income is approximately $142,600, reflecting an affluent and stable customer base. Flexible acquisition structure with the operating facility offered at $750,000, an adjacent one acre parcel offered at $125,000, or $875,000 for a combined purchase, appealing to both local operators and regional buyers seeking a satellite location with future optionality. The property is located in Pueblo West, within the broader Pueblo market, approximately 40 miles south of Colorado Springs. Pueblo has emerged as an attractive market for population growth and development due to several structural advantages. Steel manufacturing has long anchored the local labor market, and the recently constructed EVRAZ rail mill now produces roughly half of the rail used in North America. This industrial base provides durable employment and economic stability that supports housing demand and self storage utilization. Another key driver is water security. Pueblo controls its own water supply and leases water to other counties across the state, a competitive advantage that removes a major constraint on future development. This pro growth environment, combined with strong demographics and limited new storage supply, positions Research Drive Storage for continued revenue growth through lease up, rent optimization, and long term market expansion.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

I2

APN/PARCEL ID

0-6-01-0-10-006

ASK ABOUT THIS PROPERTY

Cole CarosellaArgus Self Storage AdvisorsMore Info
720-909-8601

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Cole CarosellaArgus Self Storage AdvisorsMore Info
720-909-8601

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