21715 State Highway 131 - Flat Tops Storage
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21715 State Highway 131 - Flat Tops Storage
5,760 SF Specialty Building Offered at $1,021,202 CAD at a 5.50% Cap Rate in Phippsburg, CO 80469
Investment Highlights
- On-Line Management System
- Potential to Increase Rents
Executive Summary
On US 40 in Phippsburg, Flat Tops Storage is well-located for Routt County residents, as well as anyone traveling south or west for recreation. The two-story building has 40 units in varying sizes from 5’x10’ units to 15’x20’ garages. Historical occupancy is approximately 90% and reservations and payments are managed on-line. The business has a strong cash flow and upside potential via additional occupancy or increased lease rates on the garages. This is an established, turn-key opportunity for someone looking to acquire a business with strong fundamentals and proven cash flow. Storage business continue to do well and experience low vacancy rates as the population of Routt County grows with outdoor users needing to store seasonal toys, equipment and personal belongings.
Property Facts
| Price | $1,021,202 CAD | Building Class | B |
| Price Per SF | $177 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 5,760 SF |
| Cap Rate | 5.50% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2001 |
| Property Subtype | Self-Storage |
| Price | $1,021,202 CAD |
| Price Per SF | $177 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 5,760 SF |
| No. Stories | 2 |
| Year Built | 2001 |
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PROPERTY TAXES
| Parcel Number | R6538685 | Improvements Assessment | $174,690 CAD |
| Land Assessment | $32,700 CAD | Total Assessment | $207,390 CAD |
PROPERTY TAXES
Parcel Number
R6538685
Land Assessment
$32,700 CAD
Improvements Assessment
$174,690 CAD
Total Assessment
$207,390 CAD
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21715 State Highway 131 - Flat Tops Storage
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