investment highlights
- STRONG DEMOS // Dense infill urban three-mile trade area with over 180,000 people, 84,482 households and average household incomes exceeding $132,000 per year
- FAVORABLE LAYOUT & DESIGN // Well designed conversion project with a desirable ground level unit mix across the entirety of the store with excellent access via two large covered loading bays and three ancillary access points. Features the highest quality interior metal system complimented by larger drive-up units on the perimeter.
- EXCELLENT LOCATION // The facility is prominently located in one of Denver’s most heavily traveled corridors with over 53,000 passing vehicles per day on Evans Avenue and is less than a quarter mile from I-25, Colorado’s primary North/South interstate with over 223,000 VPD. The three-mile trade area captures some of Denver’s most affluent neighborhoods with excellent demand drivers such as University of Denver, Best Buy and Natural Grocers to name a few.
- SOLID STORAGE FUNDAMENTALS // The three-mile trade area boasts some of the historically highest rents in the Denver MSA bolstered by just seven square foot per capita and high occupancies across the comp set.
property summary
StorQuest Self Storage is a 632-unit, 72,446 net rentable square foot self-storage facility located in Denver, Colorado. The facility sits on approximately 4.10 acres of land, was initially constructed in 1966 and was converted in 2013. The property offers 536 ground level climate-controlled units in the primary building with 97 drive-up units along the perimeter. The facility boast excellent access with two large centralized covered loading bays and three ancillary access points. The primary building is mix of block and masonry construction with rubber membrane roofing and a Janus metal system throughout. Exterior drive-up units compliment the primary climate-controlled building with larger unit sizes and convenient access.
StorQuest Self Storage offers numerous amenities including two gated ingress/egress points of entry with a digital keypad, a large institutional style leasing office with retail and security monitor display, and 24/7 video surveillance through the property. The property includes a diversified unit mix, wide asphalt driveways, prominent signage, and a secure fortress style layout with wrought iron fencing.
The facility is situated in Denver’s University Heights/Goldsmith area on Evans Avenue with over 53,000 passing vehicles per day and a quarter mile from I-25, Colorado’s busiest interstate (223,852 VPD).
The immediate area is a desirable mix of dense infill single-family housing and multifamily communities as well as a busy commuter/retail corridor along the Evans Avenue and Colorado Boulevard thoroughfares. The three-mile trade area captures some of Denver’s most affluent neighborhoods including Cherry Hills Village, Wellshire and University Hills with average household incomes exceeding $132,000 per year. Major demand drivers in the immediate area include Denver University, Best Buy, Natural Grocers and Dave & Busters to name a few.
