Log In/Sign Up
Your email has been sent.
307 Storage Solutions 1902 Avenue C 45,000 SF 100% Leased Industrial Building Cheyenne, WY 82007 $2,950,000 ($65.56/SF) 7.40% Cap Rate
Investment Highlights
- ±5 acres total
- fully leased warehouse
- City water & sewer
- 300-unit self-storage facility (~60% occupied)
- Rented single-family residence
- Lease-up and expansion upside
Executive Summary
1902 Ave C offers a diversified, income-producing investment with immediate cash flow and clear upside. The ±5-acre property includes a self-storage facility, two fully leased warehouses, and a rented single-family residence, providing stable in-place income with multiple value-add opportunities.
The self-storage component consists of 300 units situated on approximately 2.5 acres and is currently ~60% occupied, creating a straightforward path to increased NOI through lease-up. Additional expansion of storage units is possible on the remaining land, subject to buyer plans and approvals.
The balance of the site includes two fully leased warehouse buildings and a single-family home on the remaining 2.5 acres, contributing to strong day-one income. The property delivers an 8% cap rate as-is and is split-zoned Light Industrial (LI) and Mixed Use (MU). Located in the county of Cheyenne while utilizing City of Cheyenne South Side water and sewer, the site offers flexibility for continued operations or future development.
The self-storage component consists of 300 units situated on approximately 2.5 acres and is currently ~60% occupied, creating a straightforward path to increased NOI through lease-up. Additional expansion of storage units is possible on the remaining land, subject to buyer plans and approvals.
The balance of the site includes two fully leased warehouse buildings and a single-family home on the remaining 2.5 acres, contributing to strong day-one income. The property delivers an 8% cap rate as-is and is split-zoned Light Industrial (LI) and Mixed Use (MU). Located in the county of Cheyenne while utilizing City of Cheyenne South Side water and sewer, the site offers flexibility for continued operations or future development.
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $2,950,000 | Lot Size | 5.00 AC |
| Price Per SF | $65.56 | Rentable Building Area | 45,000 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 7.40% | Year Built | 1984 |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | LI/MU - Light Industrial and Multi-Use | ||
| Price | $2,950,000 |
| Price Per SF | $65.56 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.40% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 5.00 AC |
| Rentable Building Area | 45,000 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | LI/MU - Light Industrial and Multi-Use |
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Signage
- Storage Space
- Monument Signage
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | 1-9165-0016-0000-0 | Improvements Assessment | $94,173 |
| Land Assessment | $7,215 | Total Assessment | $101,388 |
Property Taxes
Parcel Number
1-9165-0016-0000-0
Land Assessment
$7,215
Improvements Assessment
$94,173
Total Assessment
$101,388
Contacts
-
Rob Graham -
Bailey Wheeler -
Jenna Tibbs -
Coldwell Banker - The Property Exchange, Inc.
1 of 60
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
307 Storage Solutions | 1902 Avenue C
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.