investment highlights
- OPERATIONAL MOMENTUM // The property has outpaced the broader market over the past year with January 2025 up nine percent when compared to 2024. The next operator should be able to further enhance revenue growth by deploying dynamic pricing and revenue management platforms, as well as optimizing the facility’s web presence.
- EXCELLENT DEMOS // The facility is in a densely populated three-mile trade area with over 81,000 people and 32,000 households with average incomes exceeding $142k a year.
- GROWING SUBMARKET // Population growth is forecasted at 3.4 percent over the next five years in the three-mile trade area, bolstered by 3,500 apartment units in various stages of development in the immediate area. The city’s master plan calls for a new rail station to be developed just to the southeast of the property.
- UPSIDE POTENTIAL // There’s an opportunity to reposition the property by constructing a multistory climate-controlled building on the approximate 2.5 acres currently being utilized for surface parking and containers.
- ATTRACTIVE LAYOUT // The property offers a desirable mix of ground level accessible units featuring drive-up non-climate traditional storage, surface parking and secure container storage.
property summary
Wadsworth Self Storage is a 347-unit, 31,810 net rentable square foot self-storage facility located in Broomfield, CO. The property was initially constructed in 1995 and expanded in 2015. Sitting on around 4.62 acres of land, the facility is made up of five single-story self-storage buildings and 85 containers totaling 197 non-climate controlled drive-up units. In addition, there are 148 outdoor parking spaces as well as two detached residential houses and an apartment above the leasing office.
Wadsworth Self Storage has numerous amenities including a gated entry with a digital keypad, and an on-site management office located at the entrance of the facility with an apartment above for an on-site manager. The facility is secured via perimeter fencing with keypad access as well as 24/7 security cameras. There’s an opportunity to expand the facility into the approximate 2.5 acres in the outdoor parking area. Zoning is believed to allow for a three-story climate-controlled building.
The facility is located in the southern part of Broomfield off Wadsworth Boulevard with convenient access to Highway 36, the primary mass transit corridor between Denver and Boulder. Wadsworth Self Storage is surrounded by newly constructed apartment complexes and recreational facilities such as the Broomfield Industrial Park Sports Complex. The city’s master plan calls for a new rail station at the southeast side of the property that will further enhance accessibility.
