â€¢ Properties will auction in three groups
â€¢ Properties in each group will be sold "Buyerâ€™s Choice"
â€¢ First property sold in each group will sell without reserve above the nominal opening bid
Sunday, May 29th, June 5th and June 12th from 1 to 4pm MDT. Group 1 also open two hours before auction
This auction is part one of a three part auction that also includes multi-family / commercial properties; and single-family residences, condos and duplexes.
A tremendous investment opportunity to acquire income-producing self-storage facilities, RV and boat storage yards and commercial and residential rental properties in the Fort Collins-Loveland MSA. Just north of Denver, all properties are located along busy I-25 in the towns of Loveland, Fort Collins, Greeley, Evans and Wellington at the northern tip of Coloradoâ€™s Front Range. The areaâ€™s scenic beauty and ideal economic mix of educational institutions, manufacturing and service-related businesses enhance the potential of these investment properties.
There are numerous purchase opportunities available for investors, self-storage unit owners and operators, residential rental property owners, small business owners and real estate investors.
The portfolio includes three self-storage facilities, along with two outdoor RV and boat storage yards, three retail / commercial properties, five multifamily complexes, two duplexes, six single family residences and one condo. Leases are in place for all residential properties and storage facilities are up to 96% rented.
Self Storage, RV & Boat Storage facilities
$100,000 nominal opening bid
Group 1 consists of 5 Vehicle, Boat, RV, Dry Dock and Personal Storage locations and businesses.
Academy Court Storage
1101 Academy Court
Fort Collins, CO
An operating outdoor RV and Boat storage facility. The facility provides 240 spaces with two ingress/egress points and drive-through access. The gates are protected with combination code locks. The storage yard is approximately 4.85 acres and is encircled by a security fence.
3901 Central Avenue
An operating, two-building self-storage facility situated on 16,200+/- square feet. The storage facility includes 68 rental units. See the storage unit mix below for a detailed unit breakdown.
620 4th Avenue
An operating, five-building self-storage facility situated on 37,500+/- square feet. The storage facility includes 154 rental units, 10 surface RV sites and a 300+/- square foot onsite office. See the storage unit mix below for a detailed unit breakdown. Current occupancy is 67%.
First Mini Storage
1336 East First Street and 245 South Madison Avenue
A 149-unit self-storage facility w/ additional land for future expansion.
Due to an extended closing period of 60 days rather than 30 days, this property is no longer included in the Buyers Choice portion of Group 1. It will be sold independently from the Buyers Choice group 1 properties.
Dry Dock Storage
3955 S. Taft Hill Road
Fort Collins, CO
Fully operational indoor/outdoor storage facility. The property offers 143 outdoor and 32 indoor boat and RV units. The 32 inside storage units boast 16â€™ X 10â€™ steel overhead doors. The inside facility also offers a 12,240+/- square foot open, non-partitioned floor plan that is able to store larger RVs and grant possible drive-through access.