FreeUp Storage Portfolio in Conifer & Denver, Colorado

Property Location

9529 South Davis Avenue
Conifer, CO 80433

8700 Devonshire Boulevard
Denver, CO 80229

investment highlights – Conifer

  • UPSIDE POTENTIAL // Due to the current management reducing rental rates in an effort to lease-up the significant expansion since late-2021, there is an opportunity for a hands on operator to increase street rates and occupancy back to market levels.
  • SCARCITY // Rare opportunity to acquire an existing self storage facility in one of Colorado’s highly sought after mountain communities.
  • HIGH BARRIERS TO ENTRY // Lack of buildable land and strict zoning laws in the trade area have limited new supply.
  • HIGH OCCUPANCY TRADE AREA // High 90’s average occupancy across the comp set with low risk of new competition.
  • EXCELLENT LOCATION // Adjacent to The Village at Aspen Park, a mixed use retail development anchored by a large regional supermarket brand King Soopers (owned by Kroger). Car counts exceed over 24,000 vehicles per day.

investment highlights – DENVER

  • FAVORABLE DEMOS // 272,743 Population; 98,510 Households; $83,544 Average HH Income within Five Miles.
  • INFILL LOCATION // Surrounded by dense residential housing with a Walmart within one mile of the subject.
  • UPSIDE POTENTIAL // At just 70 percent occupancy, the subject is well below the market average creating a substantial opportunity to increase revenue.
  • HIGH MARKET OCCUPANCY // Mid 90’s average occupancy across the comp set bolstered by limited new construction within a five-mile radius over the past decade.
  • FAVORABLE LAYOUT // Single-story first level access across the entirety of the store.

Broker Information

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
License: CO FA100050407

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
License: CO EA00147681

Thomas Parsons

Vice President

Phone: 303.328.2068
License: CO FA100071008

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Contact The LeClaire-Schlosser Group