PROPERTY DESCRIPTION: Downtown Denver Storage offers a unique opportunity for an investor to acquire a small self storage project in one of the most vibrant communities in the United States. The property has excellent visibility and access from Curtis Street and Broadway Avenue. DDS features a welcoming office, parking in front, and a total of 120 climate controlled units. A large loading dock area provides access into the property from Broadway. The building was constructed in 1977 and converted in 1995 to the self storage business.
Approximately 30% of the clients are commercial. The property is managed by a third party management company. This building is part of the Curtis Street Commons Condo Association, and the Owner of this property is the majority owner in the condo association.
LOCATION DESCRIPTION: Downtown Denver is currently experiencing one of the most dynamic and active development cycles in its history. Approximately $2.4 Billion is being invested in more than two dozen private and public projects. Two unique features of this development cycle are the diversity of the types of projects and where they are located geographically.
The Denver Metro Area has a population of 2.7 million people, with a growth rate that has consistently outpaced the national rate every decade since the 1930s. The region continued to grow steadily during the past decade, averaging two percent population growth each year from 1997 to 2007. And by 2030, Metro Denver' s population is anticipated to increase by nearly 50 percent to almost 3.9 million, with 800,000 new jobs being created.
Downtown Denver Storage is located in the heart of downtown Denver in LoDo. Over the past two decades, LoDo (lower downtown) has been restored and renovated into one of the liveliest areas in the city.
