$265,000
$324,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
820 Douglas ST Sterling, CO 80751
Key Details
Sold Price $265,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 5263239
Sold Date 01/25/23
HOA Y/N No
Originating Board recolorado
Property Description
Business for Sale - Semi-passive Income Storage Business Facility with Real Estate chocked FULL of wonderful upside and growth potential! Locally owned, (currently AGENT OWNED) and operated, A1-Mini Storage, located at 820 Douglas St. in Sterling, CO is a 2 building mini-storage facility serving the Sterling and NE Colorado area with various sized unit offerings for rent from 5ft X 5ft units up to the largest unit offered at 10ft X 30ft. Huge upside potential with lot space included for the availability of adding an additional building to the location. The business growth potential of adding the third building to the books and potentially adding 33% more rental product and gross revenue, along with the chance to modify of one of the existing buildings to easily change the unit configurations to maximize rental income and give more market desirable unit sizes is HUGE. At average, 60% - 80% rental occupancy along with rental pricing in the lower tier of the market, for the area gives the new owner the chance to do better marketing and increase rent rates to create Big upside to the bottom line. Financials and more info available upon request. Seller is requiring a signed NDA to release the financial information to interested parties. For simple evaluation info, the Business has Approximate 7% CAP Rate at 80% Full with current rent pricing. Please contact Listing Agent/Owner, Scott Schaefer with Keller Williams Realty Downtown for showing availability and NDA process for access to more info. Buyer and Buyer"s Agent to verify all information. *Business and Property is owned by a Colorado Licensed Real Estate Agent.*
Location
State CO
County Logan
Zoning Comm/Mixed Use
Interior
Fireplace N
Others
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Keller Williams Realty Downtown LLC