Flatirons Self Storage

Property Title

3401 Industrial Lane
Broomfield, CO 80020

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investment highlights

  • 73,380 Net Rentable Square Foot Facility
  • Vacant Land Available for Future Expansion
  • Class “A” Expansion Recently Completed in late 2017
  • Excellent Visibility from Highway 36 with 90,000 Cars Per Day
  • Located near the 963-Acre Interlocken Business Park

property summary

Flatiron Self Storage is a 73,380 net rentable square foot facility located in Broomfield, Colorado. Phase I of the property was converted from an office building in 2015 and the second phase was recently completed in late 2017. The property features a total of 665 units that are primarily interior climate-controlled with a small drive-up component.

The property is located on Industrial Lane and has excellent visibility from Highway 36, a six-lane highway and primary route connecting Denver and Boulder, with traffic counts exceeding 90,000 cars per day. It sits just north of Interlocken, a 963-acre business park which is home to various well-known companies including Oracle, Vail Resorts and Level 3 Communications. The facility is also less than one mile north of Rocky Mountain Metropolitan Airport and one mile east of Flatirons Crossing shopping mall. There are approximately 56,971 people and 22,524 households within a three-mile radius with an above average household income of $117,353.

Flatirons Self Storage features an institutional quality management office, multiple loading bays, elevators to access the upper levels, and video surveillance throughout the property. It has high quality finishes that show very well from the road. There is also vacant land to the west of the property that is available for future expansion.

The facility is currently 53.9 percent physically occupied and 64.1 percent economically occupied. This is an excellent opportunity to acquire a newly constructed asset in the rapidly growing Denver metro market. A new investor can achieve upside by leasing the property to stabilization and would benefit from the implementation of advanced revenue management systems and increasing marketing efforts.

Broker Information

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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