23905 26Th Ave, Aurora, CO 80019

The Williams Storage Group of Marcus and Millichap is honored to present for sale VIP Storage in Aurora, Colorado. This property consists of 10,800 square feet of inside parking storage including 60 non-climate controlled units and 347 outdoor parking units for a total of 407 units covering 9.62 acres. VIP Storage is entirely secured by a 6 foot high fence with a keypad controlled and software integrated Liftmaster gate (installed 2021). Additional security includes 24-hour Your Six cloud-based security system with 18 total cameras and security lights on each building. Additional customer amenities include 24-hour access and valet service to from airport. Colorado E470, 2,000 feet from the the facility, has a daily traffic count of 32,095 cars per day. As of September 2022, the indoor parking portion of VIP was 98 percent occupied and the recent expanded outdoor portion was 16 percent occupied Storage is surrounded by Aurora Highlands, a 6 square mile master planned community, which will include 4 schools (the first school is currently being built and will open 2023) and homes for an estimated 50,000 homeowners. Current population is 65,299 with a five mile radius with a projected 17.9 percent growth rate within the next five years. Denver International Airport (DEN) is a 5 minute drive northeast from VIP Storage. Currently, the airport serves 14 international destinations, and flies one of the largest domestic networks in the United States. In 2021, DIA was the 3rd busiest airport in the world. Metropolitan Statistical Area and a major city of the Front Range Urban Corridor. From the mid-1900’s, the military has played an important role in the growth of the city. Aurora is currently home to one of the six United States Space Force bases in the country. The Anschutz Medical Campus, a 256 acre health sciences campus, is one of Aurora’s largest employers. Denver the capital city and most populous city in Colorado. Denver is the largest city within 500 miles. The metro is the most populous metropolitan area within a 560-mile radius and the second most populous city in the Mountain West after Phoenix, Arizona. Denver’s economy is based partially on its geographic location, and connection to some of the country’s major transportation systems. Listed for $7,300,000, and located in an Opportunity Zone, VIP Storage is a well-maintained offering that will provide an investor the ability to acquire an income producing asset presenting both physical and economic value-add opportunities. Tenant notice letters have been sent out and indoor storage rents will increase from $200 to $300 monthly January 1, grossing an additional $72,000 annually. By implementing steady rent increases and adding additional revenue streams, an investor will experience 10.81 percent, or better, cash-on-cash return by end of year two. This is an excellent opportunity for an investor to acquire a long term parking and RV storage facility that requires minimal on-site management and costs.