Valley Mini Storage

Property Title

639 Carson Boulevard
Fountain, CO 80817

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investment highlights

  • Strong Rental Market, Average Market Occupancy Above 90 Percent
  • Upside Through Revenue Management, Tenant Insurance and Dynamic Pricing
  • Excellent Drive-By Visibility, Traffic Counts of Approximately 20,000 Per Day
  • Growing Submarket with a Strong Diverse Economy
  • Recently Replaced Asphalt, Doors and L.E.D. Lighting Systems

property summary

Valley Mini Storage is a 72,250 net rentable square foot facility located in Fountain, Colorado on the southern edge of Colorado Springs. Originally built in 1986 and expanded in 1994, the property currently consists of 563 drive-up units that range in size from 5×5 to 10×30 of which 22 are temperature-controlled. The facility features 17 drive-up storage buildings that are of metal construction with standing seam roofs and a freestanding leasing office.

Situated on approximately six acres of land, the property is fully fenced with digital gate access and is under 24-hour video surveillance via 32 video cameras. The property features a professional leasing office with security monitor displays and an on-site manager’s apartment. Valley Mini Storage has excellent drive-by visibility and ample signage including a freestanding billboard and an electronic message board along the highway. The current owner has made substantial improvements to the property over the last four years to include new asphalt, roll up doors, L.E.D. lighting and improved video surveillance.

Valley Mini Storage is located near the corner of Carson Boulevard and U.S. Highway 87. Highway 87 is a four-lane surface road with a designated turn lane onto Carson Boulevard with car counts of approximately 20,000 per day. The property lies less than one mile east of Interstate 25 and just south of a multi-tenant retail shopping center and a Walmart Supercenter. The facility is also located just over one mile east of Fort Carson, a United States Army Installation with over 26,000 active duty soldiers with an additional 38,000 family members, reserve members and civilian contractors. Approximately 59 percent of soldiers and 47 percent of families live off-post. The estimated economic impact of Fort Carson on the local economy is $2.2 billion. There are approximately 112,000 people and 35,000 households within a five-mile radius with average household incomes of $66,194.

Colorado Springs has entered into the later phase of its economic expansion. Despite smaller labor force gains, employment has gained ground recently and has become the strongest in Colorado and above the western states and U.S. averages. Major industries in Colorado Springs are adding jobs, as well as professional services, healthcare and construction sectors which are making their contributions to the growth of region. Unemployment is at a rate of 3.5 percent due to economic expansion and increased hourly wages have grown in conjunction with the tight labor market. The military presence in Colorado Springs and the increased defense spending also helps to influence the economic stability of Colorado Springs. In addition to the military influence, relative high housing affordability indicates that Colorado Springs will outperform Colorado over the remainder of the business cycle and outpace the U.S.

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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