Hill & Homes Storage Portfolio – Grand Junction, Colorado

Property Location

Grand Junction, CO

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investment highlights

  • BELOW MARKET RENTS // Asking rates 30 percent below market despite 97 percent physical occupancy.
  • SELLER FINANCING // 6.0 percent interest only rate, 50 percent LTV, five-year balloon.
  • UPSIDE POTENTIAL // Increasing economic occupancy from its current 78 percent (physical at 97 percent). Implementing revenue management practices, offering tenant insurance, implementing typical self-storage management software.
  • EXISTING FEATURES // All locations have perimeter fences, remote accessed security cameras, and gates.
  • IMMEDIATE MARKET COVERAGE & SCALE // Combined total 135,050 NRSF of self-storage across seven locations throughout the western slope of Colorado covering the cities of Grand Junction and Palisade. Currently all locations remote managed by the local owner.

Broker Information

Thomas Parsons

First Vice President

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

Adam Schlosser

Senior Managing Director

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

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Contact The LeClaire-Schlosser Group