Armor Storage – Pueblo West, Colorado

Property Location

517 E Industrial Blvd
Pueblo West, CO 81007

investment highlights

  • EXCELLENT RECENT REVENUE MOMENTUM // The facility has posted recent revenue growth due to a rent increase in summer 2021, owner occupied units being vacated and rented, and a tenant insurance program being pushed.
  • SUPERIOR CONSTRUCTION // The facility opened phase I in 2016 and phase I I in 2018. This facility is 52 percent climate controlled and one of the few options in the market for climate controlled storage.
  • BEST IN CLASS FEATURES // Modern and oversized leasing office, 96 security cameras, alarms on every unit door, concrete drive aisles, keypad access and electronic gate, and high end 2B/2B apartment.
  • HIGHLY OCCUPIED STORAGE MARKET // The facility is 96.5 percent occupied and the four closest competitors had four units available, combined.
  • EXPANSION POTENTIAL // Rear of the property has 25 occupied open parking spaces rented at $70/mo totaling $1,750/mo. Seller estimates you could replace with 36 8×20 containers costing $3,500 each that rent for $145/mo totaling $5,220/mo.

Broker Information

Thomas Parsons

Senior Associate

Phone: 303.328.2068
Email: tparsons@marcusmillichap.com
License: CO FA100071008

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

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Contact The LeClaire-Schlosser Group