Dove Valley Outdoor Storage – Englewood, Colorado (Denver MSA)

Property Location

14200 East Otero Avenue
Englewood, CO 80112

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investment highlights

  • VIRTUALLY 100 PERCENT OCCUPANCY ON OUTDOOR PARKING WITH THE OPPORTUNITY FOR CONSISTENT RENT GROWTH.
  • AS OF JUNE 2, 2022 PHYSICAL OCCUPANCY IS 91.59 PERCENT AND AN ECONOMIC OCCUPANCY OF 83.82 PERCENT.
  • 40 OF 70 NEW CANOPIED PARKING SPACES RENTED SINCE SEPTEMBER 2021. THE REMAINDER SHOULD FILL BY LATE FALL OF 2022.
  • IF THE REMAINING 30 SPACES ARE RENTED AT MARKET RATES, ECONOMIC OCCUPANCY WOULD BE 97 PERCENT.
  • ALL REMAINING OUTDOOR PARKING SPACES ARE APPROVED FOR CANOPY CONVERSION.
  • OPPORTUNITY TO COLLECT GREATER LATE FEES AND TENANT INSURANCE.
  • GROWING SOUTHEAST LOCATION WITH DEMAND EXPANDING RAPIDLY AND GREAT FIVE MILE TRADE AREA DEMOGRAPHICS.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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