7101 W 117th Ave
Broomfield, CO 80020
Broomfield Storage · Specialty Property For Sale · 15,296 SF

WE HAVE LISTED WITH SKYVIEW ADVISORS. BOTH K AND K STORAGE IN EVANS AS WELL AS BROOMFIELD STORAGE, THEY WILL BE DOING CALL FOR OFFERS AND HAVE OM SHORTLY. IN THE MEANTIME CONTACT DAVID SMITH WITH SKYVIEW ADVISORS WITH ANY QUESTIONS/OFFERS ETC. ***Update July 2024 gross revenue $32,881.13 , June 2024 gross revenue $34,081.71 MAY 2024 REVENUE was $25,364*** monthly expenses are $8658.57 (JULY 24 reports are now uploaded here) again expenses of $8800 per month Updated P and L is uploaded here from Jan-July 24 please note we set up the store as 2 companies one leasing from the other for tax purposes so the $18,600 we show effectively is us paying ourselves so that should be added back into any new buyers NOI figure. We purchased this August 15th 2023. 163 units. I have attached the P and L but keep in mind it is since August 15th 2023 The old owners rented vehicle and parking spaces roughly 20 spaces we choose not to do that but that is still an option for any new buyer so that is the 15k square foot number. The 163 units standalone net footage is the 12k.We then spent several hundred thousand dollars in CAPEX to include: painting all buildings, trim, doors and office, new office computer/printer/chairs/equipment, all new LED lighting throughout, All new camera system with remote viewing, new unit door tags, all new pavement (not just seal coat), replaced one of the building roofs, brand new keypads and gate software systems, among other items. We purchased it based on $11.8k per month in T12 income. We already have it at last 3 month average of 29k per month and climbing. Of course the bulk of the revenue growth will come May june july and august this summer. There is LOTS of room to raise existing rates, still grow occupancy. the facility is only 76% occupied so plenty of occupancy room as well as the units have not been increased in years and are well below market rents. We bought it solely with the intent to fix it up and re sell it. Sitelink is the software in place since Sept 2023 and Open tech alliance is the gate operator we installed. Included in the listing are April May June 24 sitelink mngt report for storage revenue income as well as the Apr May June 24 Penske reports which are paid weekly and NOT included in the sitelink totals. Expenses are: Insurance $7700 annually, water/sewer $45/mo, Electric $90/mo, Trash $126/mo, Sitelink, $175/mo, Open tech gate $99/mo, on site manager 37.5 hours per week at $20/hr. phone $88/mo, Internet $300/mo, property tax $20,287. ***also of note on the P and L for Penske gas expense is paid to me personally as I choose to use my personal funds and then Penske reimburses at a rate of $8 per gallon for extra income. As such any new owner can use petty cash in the store or a store card and then the store itself would see this as their income and not pay it back out as expense for any new owner)