615 S Mesa St - Self-Storage Facilities FOR SALE


Fruita, CO 81521
$4,900,000 USD
513-300-0763
615 S Mesa St, Fruita, CO for Sale
$4,900,000 USD
Self-Storage Facilities - FOR SALE
1/30
null | 5.87% Cap Rate

615 S Mesa St
Fruita, CO 81521


HIGHLIGHTS

  • As the largest facility in the vicinity at 44,150 NRSF, this property holds a distinct physical advantage. Originally built in 1996.
  • 0.3 miles from I-70 0.2 miles from Colorado River State Park, has strong demand for outdoor enthusiasts needing secure storage RV's Boats & Gear.
  • The property benefits from a steadily expanding 30-minute catchment area with a strong 5-mile Average Household Income of over $96,133.
  • 44,150 NRSF facility at 88.29% occupancy. Stabilizing operations presents clear path to increase NOI from $287,857 to $363,290 Year 1, 7.41 Cap Rate.
  • Acquired for $4,900,000 ($110.99/NRSF) at a 5.87% cap rate, the asset offers strong upside.
  • Projections indicate steady NOI growth, culminating in a Year 5 sale at $5,520,000 and a 7.26% exit cap rate.

OVERVIEW

Bang Realty is pleased to exclusively present Heartland Storage, a self-storage renovation and value-add acquisition opportunity located at 615 South Mesa Street, Fruita, CO. This property comprises 363 units across 44,150 NRSF and sits on a 2.50-acre lot. Built in 1996 and expanded in 2023, the Class B facility features a blend of vintage and new physical construction, which presents a significant opportunity for operational stabilization and increased occupancy. The property is currently 88.29% physically occupied, providing a clear path to improving revenue through strategic lease-up, optimized pricing, and increased tenant demand. Targeted at a $4,900,000 purchase price, stabilizing this recent-vintage asset highlights the upside potential for this investment. The investment offers a compelling competitive profile as the largest facility in its immediate vicinity, differentiating itself by offering highly desirable climate-controlled units. The local market serves a growing population within a 3-mile radius of Fruita, benefiting from constrained local housing supply and outsized demand from the region's outdoor recreation tourism. With strong demographics featuring a 5-mile median household income of $84,103, this offering presents a unique opportunity to capitalize on the lease-up of a modern facility and realize strong returns through strategic management and long-term stabilization.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

5.87%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heartland Storage - Fruita CO

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.02 AC

LAND SF

131,511 SF

ZONING

-

APN/PARCEL ID

2697-202-15-002

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

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