The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale the Stash Self-Storage Portfolio located in the heart of Denver.
The Stash Self-Storage Portfolio of Denver is comprised of four, Class-A, best-in-market facilities, totaling 2,901 units and over 227,000 nrsf. The four locations, Champa St, Adams Street, North Tower Rd and Grant St, represents an extremely rare opportunity to acquire four strong performing assets that sit within a half hour drive of each other allowing an investor to realize immediate scale within a high barrier to entry market – Each site offers exceptional supply/demand characteristics, incredible management and rent upside and irreplaceable locations.
Three of the four locations reside within the downtown Denver market, south of I-70 and east of I-25, and conveniently sit on highly visible thoroughfares which correlates to easily accessible properties. The portfolio is surrounded by institutional grade multifamily developments owned by companies including, but not limited to, Brookfield Partners, PMG, Wood Partners, Hines, etc. This allows for an investor to realize multiple upsides as the market continues to see positive year-over-year growth with the continuous influx of institutional money within the immediate trade area. The Champa St and Grant St locations are situated in a trade area that sees in excess of 230,000 people within their respective 3-miles and less than 5 SF per capita. The three-mile that surrounds the Adams St. facility exceeds 156,000 residents equating to a per capita of less than 7 SF while incomes are north of $75,000. Additionally, both Champa and Adams Streets offer ancillary retail locations on their respective first floors which will provide additional upside complimenting the already in-place cash flow. The North Tower Rd facility sits just east of Downtown and serves the Green Valley Ranch Development. This single-story facility was expanded to capture the growth within its immediate market.
The Stash Self-Storage Portfolio of Denver provides an exceptional opportunity to acquire four, state-of-the-art facilities in one of the most sought-after markets within the United States. Each site offers unrivaled demographics along with exceptional rent and management upside which will allow a buyer to capitalize on NOI growth day one. The immediate trade area offers the rare opportunity to enter into a high barrier to entry market with limited competition and realize long-term, in-place cash flow within a single transaction.