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865 W Moreno Ave - 8th Street Storage 37,120 SF Specialty Building Offered at $3,500,000 in Colorado Springs, CO 80905
Investment Highlights
- Locally operated self-storage property with significant upside
- Traditional drive-up product
- Strong in-place occupancy and cash flow
- High growth Colorado Springs market
Executive Summary
The 8th Street Storage opportunity offers investors the opportunity to acquire a well-located, cash-flowing self-storage asset in the heart of Colorado Springs, Colorado. The facility totals 37,120 rentable square feet across 262 drive-up storage units and 21 outdoor parking spaces, providing tenants convenient, ground-level access that continues to drive strong demand across the mar¬ket. Currently operating at approximately 92% physical occupancy, the property delivers steady income with immediate upside through improved revenue management, expense controls, and professional third-party oversight.
This mom-and-pop operated facility presents a classic value-add opportunity, where a new owner can implement existing cus¬tomer rate increases, streamline operations, and align rental rates with nearby competitors to unlock meaningful NOI growth. Located just off 8th Street in a dense and growing submarket surrounded by established neighborhoods and limited new supply, 8th Street Storage is positioned to benefit from Colorado Springs’ continued population and income expansion. This offering rep¬resents an ideal acquisition for investors seeking durable cash flow, operational upside, and long-term value appreciation in one of Colorado’s most dynamic secondary markets.
This mom-and-pop operated facility presents a classic value-add opportunity, where a new owner can implement existing cus¬tomer rate increases, streamline operations, and align rental rates with nearby competitors to unlock meaningful NOI growth. Located just off 8th Street in a dense and growing submarket surrounded by established neighborhoods and limited new supply, 8th Street Storage is positioned to benefit from Colorado Springs’ continued population and income expansion. This offering rep¬resents an ideal acquisition for investors seeking durable cash flow, operational upside, and long-term value appreciation in one of Colorado’s most dynamic secondary markets.
Property Facts Under Contract
| Price | $3,500,000 | Building Class | C |
| Price Per SF | $94.29 | Lot Size | 2.20 AC |
| Sale Type | Investment | Building Size | 37,120 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1985 |
| Zoning | MX-L - Mixed Use - Low Intensity Zone | ||
| Price | $3,500,000 |
| Price Per SF | $94.29 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 37,120 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Zoning | MX-L - Mixed Use - Low Intensity Zone |
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Property Taxes
| Parcel Number | 74133-13-140 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $858,800 |
Property Taxes
Parcel Number
74133-13-140
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$858,800
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865 W Moreno Ave - 8th Street Storage
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