Extra Space Storage (Managed) Two Property Portfolio – Broomfield & Loveland, CO

Property Location

Broomfield & Loveland, CO

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virtual tour – broomfield

  • PRIDE OF OWNERSHIP // Class “A” institutional quality construction with a desirable mix of ground level and multi-story access that will pace market rates.
  • EXCELLENT LOCATION // Prime infill location near the hard corner of Lowell and Midway Blvd with over 25K passing vehicles per day.
  • GROWING SUBMARKET // The Broomfield submarket has experienced substantial rental growth over the first part of 2021 as new construction has stabilized. The three mile trade area has a favorable six square foot per capita, 38K households and 7.32 percent population growth over the next five years.
  • POISED FOR GROWTH // 15 percent revenue growth in Q2 2021 when compared to the trailing 12 months with a growing momentum heading into Q3.
  • CRITICAL MASS // Opportunity to capitalize on a 96 percent physically occupied store well positioned for substantial revenue growth by raising rates on the existing tenant base as well as new.

virtual tour – loveland

  • PRIDE OF OWNERSHIP // Class “A” fourth generation multi-story construction with ground level drive up access along the exterior. Stand alone market leader on rates.
  • EXCELLENT LOCATION // Prime retail location on Highway 287 with over 31K passing cars per day. Retailers in the immediate area include Walgreens, O’Reilly’s and Wells Fargo to name a few.
  • FAVORABLE DEMOS // High growth trade area with over nine percent population growth forecasted over the next five years and over 25K existing households with an 88K average HH income.
  • STRONG REVENUE GROWTH // The facility has posted over nine percent revenue growth in Q2 2021 when compared to the trailing 12 months with substantial momentum heading into Q3.
  • POISED FOR GROWTH // Physically stabilized operation with occupancy of 90 percent with substantial opportunity to push rates.

additional information

  • The ownership group is listing an additional asset in Coral Springs, Florida.  You can find information on the additional property here.

Broker Information

Adam Schlosser

Senior Vice President

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

Charles "Chico" LeClaire

Executive Managing Director

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

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