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- LoopNet Team
836 E Grand Ave
Fruita, CO 81521
Cornerstone Mini-Storage · Specialty Property For Sale
·
11,966 SF
INVESTMENT HIGHLIGHTS
- Updated and well maintained facility consisting of 91 self storage units
- High unit occupancy rates with investment upside by increasing current sub market lease rates
- Income growth potential by adding additional shipping containers as storage units
- High barriers to entry with zoning restrictions on new self storage developments near downtown Fruita
PROPERTY FACTS
| Property Type | Specialty | Building Size | 11,966 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 1979 |
| Lot Size | 1.59 AC | Parking Ratio | 2.92/1,000 SF |
| Zoning | Commercial | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.59 AC |
| Building Size | 11,966 SF |
| No. Stories | 1 |
| Year Built | 1979 |
| Parking Ratio | 2.92/1,000 SF |
| Zoning | Commercial |
ABOUT 836 E GRAND AVE , FRUITA, CO 81521
Cornerstone Storage serves the rapidly growing community of Fruita with 11,966 rentable square feet from 91 units of self-storage, 640 rentable square feet from 3 units within two shipping containers, and 35 rentable RV parking spots. In addition to the fenced and gated RV parking, this facility is secured and monitored by Five security cameras. The high-density residential neighborhood surrounding this property provides consistent close proximity clientele. Strong rental rates and consistently high unit occupancy has served Cornerstone Storage well. However this investment opportunity leaves room for income growth through increasing discounted leases from friends and family rates, potentially adding more shipping containers to rent, and updating revenue and expense management.
PROPERTY TAXES
| Parcel Number | R012545 | Improvements Assessment | $43,780 |
| Land Assessment | $24,060 | Total Assessment | $67,840 |
PROPERTY TAXES
