Storage Sense
Colorado Springs, CO
Asking price
Price not disclosed
Units
326
Cap rate
—
Price / unit
—
About this property
EXPANSION POTENTIAL // Planned 10,000 SF self-storage addition by converting an under-utilized parking area into high-yield rentable space. Parking can be efficiently relocated onsite, enabling a low‑cost, high-impact expansion. Strong demand supports lease-up // Existing storage units are 94 percent occupied, demonstrating clear market demand and providing confidence that new units will stabilize quickly. OPERATING EXPENSE EFFICIENCIES // On-site payroll of about $99,000 drives a current expense ratio of roughly 51 percent. Moving to remote or hybrid management and bringing other controllable costs to market levels cuts expenses by about $25,000 a year, lowering the expense ratio to about 41 percent and increasing NOI by more than nine percent. Adjacent TO peterson space force base // Located directly adjacent to Peterson Space Force Base, the property benefits from a major employment hub supporting thousands of active-duty personnel, civilian employees, contractors, and military families, creating a stable source of recurring storage demand. Strategic eastern colorado springs location // The facility offers convenient access to US Highway 24, Powers Boulevard, and Interstate 25, providing strong connectivity throughout the Colorado Springs metro and positioning the asset within one of the area’s primary growth corridors. ESTABLISHED DEMOGRAPHIC BASE // The property serves nearly 49,738 residents and 19,221 households within a three-mile radius, with average household incomes of approximately $91,215. The surrounding population is projected to grow by 4.40 percent over the next five years, supporting continued residential expansion and strengthening long-term demand for self-storage. DIVERSE STORAGE OFFERINGS // Comprised of 326 units totaling 39,510 NRSF, the facility features 10 single-story metal buildings with convenient drive-up access and dedicated outdoor boat and RV storage. The diverse storage mix drives multiple revenue streams with further upside through potential expansion. property summary Storage Sense is a 326-unit self-storage facility comprising 39,510 net rentable square feet of ground level self storage space and 105 surface parking spaces across approximately five acres. Originally constructed in 2003, the property includes 10 single-story metal buildings featuring convenient drive-up units, outdoor boat and RV storage, and ample circulation for customer access. The asset’s predominantly single‑story configuration and diverse unit mix provide operational efficiency while accommodating a broad range of personal and business storage needs, with potential expansion offering an opportunity to further increase rentable square footage and enhance the property’s long-term value. Storage Sense offers a range of customer-focused amenities, including gated keypad access, wrought-iron perimeter fencing, and 24-hour digital video surveillance throughout the property. The facility features a dedicated on-site management office with a three‑bedroom/two‑bath apartment above, asphalt drive aisles serving the self-storage units, and gravel parking areas designed for boat and RV storage. The storage units are housed within durable metal buildings and equipped with roll‑up doors, providing convenient drive‑up access and efficient move-in capabilities. Located in eastern Colorado Springs, the facility benefits from a strategic position directly adjacent to Peterson Space Force Base, one of the region’s largest employment hubs, and is surrounded by a growing residential population throughout Cimarron Hills, Falcon, and eastern Colorado Springs. The site offers convenient access to US Highway 24, Powers Boulevard, and Interstate 25, providing strong connectivity across the metro area. Within a three-mile radius, the property serves approximately 49,738 residents with average household incomes of $91,215, while Space Village Avenue carries approximately 7,933 vehicles per day, providing strong visibility and accessibility.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | Price not disclosed |
|---|---|
| Units | 326 |
| Building size | 39,510 sq ft |
| Address | 7230 Space Village Avenue |
| First seen by UnitListed | Oct 28, 2026 |
| Source page last checked | Oct 28, 2026 |
| Source last changed | Oct 28, 2026 |
Before you call the broker
9 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Asking price — not disclosed
What is the asking price, and is it firm or inviting offers?
Everything else is measured against it. A price on request is normal, but it means you cannot screen this against your budget yet.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 28, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 28, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
