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820 Douglas Street
820 Douglas Street
820 Douglas Street
820 Douglas Street
820 Douglas Street
820 Douglas Street
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Courtesy of Keller Williams Realty Downtown LLC
$265,000

820 Douglas Street

5,730 Sq.Ft.

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.*

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Location

820 Douglas Street, Sterling, CO 80751

Status

Sold

Date Sold

January 25, 2023

Property Amenities

Area & Lot
Living area 5,730 Sq.Ft.
MLS® ID 5263239
Type Commercial
Status Sold
Finance
Sales Price $265,000

Work With Natacha

Natacha became a real estate professional after practicing law for 19 years due to a love of all things real estate. That experience gives her the ability to carefully evaluate all of the details of a real estate transaction.