Ask Robert Gash, ALC
Lakeview Storage - Premium Lakefront Storage Facility This exceptional property boasts an impressive array of features, making it a lucrative investment opportunity for the discerning buyer. Let's explore the highlights: The property offers a competitive 6% CAP rate, presenting an ideal investment opportunity. Lakeview Storage encompasses an expansive area of 3.6 acres, completely fenced for added security. The facility features a total of 148 units, with a generous enclosed storage space of 50,350 square feet. These units were thoughtfully constructed between 1992 and 2022, with all buildings being steel I-beam commercial structures, ensuring durability and longevity. Lakeview storage boasts an impressive overall occupancy rate of 95%. Notably, the boat and RV units boast full occupancy, with a revolving waitlist further reflecting their popularity. This high demand has been consistent for two decades. With most management operations handled remotely, the property requires minimal onsite maintenance and bookkeeping. This streamlined process allows for efficient management, with only about one day a week devoted to maintenance and administrative tasks. Lakeview Storage is perfectly situated between the charming towns of Durango and Pagosa Springs, both accessible within an hour's drive. This strategic location ensures easy access for tenants and a promising clientele base. Additionally, the facility is located just one mile away from Navajo State Park, an RV park, and a boat ramp in Arboles, Colorado. The nearby Navajo Reservoir, with its deep water and extensive channel, offers recreational opportunities for boating enthusiasts and outdoor adventurers alike. The pricing structure corresponds to various unit sizes and types, catering to different storage needs. Ranging from spacious boat/RV units to versatile mini-storage spaces, Lakeview Storage provides attractive options for all tenants: $150.00: 12' X 35' Boat/RV Units with Gravel Floor (40 total) $135.00: 11' X 30' Boat/RV Units with Gravel Floor (70 total) $110.00: 10' X 30' Mini-Storage Units with Concrete Floor (13 total) $95.00: 10' X 25' Mini-Storage Units with Concrete Floor (16 total) $75.00: 10' X 30' Mini-Storage Units with Gravel Floor (6 total) $70.00: 10' X 20' Mini-Storage Units with Gravel Floor (3 total) $35.00: Outdoor Storage/Uncovered Spaces (12 spaces) Lakeview Storage is a flourishing and well-maintained investment opportunity with an outstanding occupancy history, a prime location, and diverse storage offerings. This property is a wise choice for those seeking a profitable and stable investment in the storage industry. Don't miss the chance to own this gem in the heart of Colorado's picturesque landscape. Contact us today to arrange a viewing and secure your place in this prosperous venture.
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Listed By: Tim Cooney of Exit Realty Home & Ranch