investment highlights
- EXPANSION POTENTIAL // Planned 10,000 SF self-storage addition by converting an under-utilized parking area into high-yield rentable space. Parking can be efficiently relocated onsite, enabling a low‑cost, high-impact expansion.
- STRONG DEMAND SUPPORTS LEASE-UP // Existing storage units are 94 percent occupied, demonstrating clear market demand and providing confidence that new units will stabilize quickly.
- OPERATING EXPENSE EFFICIENCIES // On-site payroll of about $99,000 drives a current expense ratio of roughly 51 percent. Moving to remote or hybrid management and bringing other controllable costs to market levels cuts expenses by about $25,000 a year, lowering the expense ratio to about 41 percent and increasing NOI by more than nine percent.
- ADJACENT TO PETERSON SPACE FORCE BASE // Located directly adjacent to Peterson Space Force Base, the property benefits from a major employment hub supporting thousands of active-duty personnel, civilian employees, contractors, and military families, creating a stable source of recurring storage demand.
- STRATEGIC EASTERN COLORADO SPRINGS LOCATION // The facility offers convenient access to US Highway 24, Powers Boulevard, and Interstate 25, providing strong connectivity throughout the Colorado Springs metro and positioning the asset within one of the area’s primary growth corridors.
- ESTABLISHED DEMOGRAPHIC BASE // The property serves nearly 49,738 residents and 19,221 households within a three-mile radius, with average household incomes of approximately $91,215. The surrounding population is projected to grow by 4.40 percent over the next five years, supporting continued residential expansion and strengthening long-term demand for self-storage.
- DIVERSE STORAGE OFFERINGS // Comprised of 326 units totaling 39,510 NRSF, the facility features 10 single-story metal buildings with convenient drive-up access and dedicated outdoor boat and RV storage. The diverse storage mix drives multiple revenue streams with further upside through potential expansion.
property summary
Storage Sense is a 326-unit self-storage facility comprising 39,510 net rentable square feet of ground level self storage space and 105 surface parking spaces across approximately five acres. Originally constructed in 2003, the property includes 10 single-story metal buildings featuring convenient drive-up units, outdoor boat and RV storage, and ample circulation for customer access. The asset’s predominantly single‑story configuration and diverse unit mix provide operational efficiency while accommodating a broad range of personal and business storage needs, with potential expansion offering an opportunity to further increase rentable square footage and enhance the property’s long-term value.
Storage Sense offers a range of customer-focused amenities, including gated keypad access, wrought-iron perimeter fencing, and 24-hour digital video surveillance throughout the property. The facility features a dedicated on-site management office with a three‑bedroom/two‑bath apartment above, asphalt drive aisles serving the self-storage units, and gravel parking areas designed for boat and RV storage. The storage units are housed within durable metal buildings and equipped with roll‑up doors, providing convenient drive‑up access and efficient move-in capabilities.
Located in eastern Colorado Springs, the facility benefits from a strategic position directly adjacent to Peterson Space Force Base, one of the region’s largest employment hubs, and is surrounded by a growing residential population throughout Cimarron Hills, Falcon, and eastern Colorado Springs. The site offers convenient access to US Highway 24, Powers Boulevard, and Interstate 25, providing strong connectivity across the metro area. Within a three-mile radius, the property serves approximately 49,738 residents with average household incomes of $91,215, while Space Village Avenue carries approximately 7,933 vehicles per day, providing strong visibility and accessibility. Supported by Colorado Springs’ expanding population, robust military presence, and growing aerospace, defense, healthcare, and technology sectors, the location is well positioned to capitalize on sustained residential and commercial storage demand.
