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32397226
32397225

2790 Acrin Ave, Grand Junction, CO 81503

SS
FL SL3426060
SkyView Advisors
Listed by SkyView Advisors
Unpriced
28 days on market
Updated 28 days ago

Grand Junction Land

Details
APN 294525440003, 294525440004, 294525440005
Property Type Land
Sub Type Commercial
Square Footage 77,975
Units 620
NOI $841,499
Tenancy Vacant
Year Built 2028
Stories 1
Acreage 6.770
Zoning Commercial
Investment Type Redevelopment

Land | 6.77 acres

Marketing description

Grand Junction Land represents an excellent opportunity for the development of a high-demand self-storage facility in Grand Junction, Colorado. Located at 2790 Acrin Avenue, the site is strategically positioned in a growing area with strong market fundamentals and significant potential for expansion. With a planned total rentable space (NRSF) of 77,975 square feet, the site will offer 620 units upon completion, with a mix of both climate-controlled and non-climate controlled units. The development is slated for completion in 2028, and once operational, it is expected to meet the rising demand for storage in the region.

The surrounding 5-mile radius boasts a growing population of 94,271 people, with a median household income of $60,177. The area has seen steady growth, with the population growing at rates of 0.48% over the past few years. The property's location offers easy access to key roads, including US 50, which sees daily traffic of over 20,000 vehicles, increasing visibility and accessibility to potential customers.

Grand Junction is a rapidly expanding market, with significant demand for self-storage facilities driven by the area's population growth, housing development, and nearby commercial activities. The land is shovel-ready, and the zoning classification as commercial offers flexibility for the development of a modern facility, capitalizing on the projected demand. Furthermore, with a robust future development pipeline in the area (54,738 NRSF planned), this site is positioned to benefit from the region's growth over the coming years.

The property's location on 6.77 acres, combined with its high visibility and proximity to key traffic routes, provides a unique competitive advantage. This facility offers significant revenue potential through its diverse unit mix, including uncovered parking spaces for RVs and boats, and ancillary income from additional services such as tenant insurance.

This development represents a rare opportunity to capitalize on a growing market with strong demand for self-storage, while providing a modern, high-quality facility for the Grand Junction area. The location's growing residential and commercial development ensures that this facility will serve as a key resource for the local community, while also offering attractive returns for investors.

Investment highlights

  • Shovel-ready development, high barrier to entry market
  • High rental rate potential
  • Close proximity to US 50 20,000 VPD

Listing Contacts

SS
FL SL3426060
SkyView Advisors
Listed by SkyView Advisors

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Loan Amount
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$841,499.00
$70,124.92/mo

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Additional Information

Name
Michael R Coyne Jr.
License
CO RE Lic # EC.100105153
Brokerage
SkyView Advisors, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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