investment highlights
- OPERATIONAL UPSIDE // The facility is currently unmanned and operated as a satellite location from an EXR store down the street. The next investor has the opportunity to bring the management office into service by annexing into the City of Boulder, unlocking the property’s full operational potential and allowing the asset to function as a fully staffed, standalone facility.
- SCARCITY // A rare opportunity to acquire a self-storage facility in one of Colorado’s most sought-after and best-performing markets. Strict zoning regulations make new development highly unlikely, creating significant barriers to entry and insulating the investment from future competitive pressure.
- PRIME BOULDER LOCATION // Situated along high-traffic Arapahoe Road with exposure to more than 22,400 vehicles per day, offering excellent visibility and convenient access to Highway 36, Cherryvale Road, and the greater Boulder market.
- AFFLUENT & DENSE CUSTOMER BASE // Serves more than 44,000 residents and nearly 19,000 households within a three-mile radius, supported by average household incomes exceeding $112,000, creating a strong foundation for long-term storage demand.
- STRONG LOCAL DEMAND DRIVERS // Located near the University of Colorado Boulder, Naropa University, Boulder JCC, Flatirons Golf Course, and numerous retail, office, and employment centers that generate consistent residential and business storage demand.
property summary
Extra Space Storage is a 772-unit, 78,314 net rentable square foot self-storage facility situated on approximately 5.75 acres along Arapahoe Road in Boulder, Colorado. Originally constructed in 1974 and renovated multiple times between 1974 and 1992, the property consists of 46 single-story buildings featuring primarily drive-up storage units. The facility benefits from a highly visible location along one of Boulder’s primary east-west corridors, with traffic counts exceeding 22,400 vehicles per day and convenient access to Highway 36, Cherryvale Road, and the greater Boulder market.
The property offers a comprehensive amenity package designed to serve both residential and commercial customers, including electronic gate-controlled access, multiple entry points, 24/7 video surveillance, a newly renovated onsite management office, extended access hours, and asphalt drive aisles. The facility’s drive-up configuration allows for convenient loading and unloading, while select units accommodate enclosed vehicle storage for cars, motorcycles, and other small vehicles.
Strategically positioned in one of Colorado’s most affluent and supply-constrained storage markets, the facility serves a dense and highly educated customer base. Within a three-mile radius, the property benefits from a population of more than 44,000 residents, nearly 19,000 households, and average household incomes exceeding $112,000. Nearby demand drivers include the University of Colorado Boulder, Naropa University, Boulder JCC, Flatirons Golf Course, and numerous retail and employment centers. Combined with Boulder’s strong barriers to new development and steady population growth, the property is well-positioned to maintain long-term occupancy and revenue performance.
