Skip To Content

36730 Democracy Dr

Trinidad, CO 81082
  • $1,248,000
  • STATUS: Closed
  • ON SITE: 465 Days
  • MLS #: 989777
Sold - 04/02/2024
$1,248,000
SOLD - 04/02/2024
  • 0
    BEDS
  • 4.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Description

This storage facility opened in June 2023 and is now 69% occupied not counting the RV Storage area. Although this is no longer a pre-revenue opportunity, it is priced to allow for significant value increase once it is full and priced at market in the next year. This is a gated, secure access and inside temperature controlled business. 42 new units were added on June 25, 2023. This is ideal for a user of the 4300 square foor main building with the office, 2 restrooms along with the second heated, insulated steel building where there are 47 units and the outside fenced, gated and secured area with 62 more units and 23 RV spaces. We are preparing to add another 19 heated inside storage spaces in the 4300 square foot building at this time. There is also room outside the fencing for more expansion. The main building just had a new silicone roof application and new closed cell foam on the ceiling for efficient heating in the main building. There is room for at least another 150 outside units of varying sizes under the current layout.

Monthly Payment Calculator



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-09-19T16:41:44.63.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
www.searsrealestate.com/homes/140480734
Print Image

36730 Democracy Dr Trinidad, CO 81082

  • Price: $1,525,000
  • Status: Closed
  • On Site: 465 Days
  • Updated: 35 min ago
  • MLS #: 989777
0
Beds
0
Baths
0
½ Baths
4.19
Acres
1997
Built
Neighborhood:
Trinidad Industrial Park
County:
Las Animas
Area:
13 All Others
Property Description
This storage facility opened in June 2023 and is now 69% occupied not counting the RV Storage area. Although this is no longer a pre-revenue opportunity, it is priced to allow for significant value increase once it is full and priced at market in the next year. This is a gated, secure access and inside temperature controlled business. 42 new units were added on June 25, 2023. This is ideal for a user of the 4300 square foor main building with the office, 2 restrooms along with the second heated, insulated steel building where there are 47 units and the outside fenced, gated and secured area with 62 more units and 23 RV spaces. We are preparing to add another 19 heated inside storage spaces in the 4300 square foot building at this time. There is also room outside the fencing for more expansion. The main building just had a new silicone roof application and new closed cell foam on the ceiling for efficient heating in the main building. There is room for at least another 150 outside units of varying sizes under the current layout.
Exterior Features

Construction Materials BlockMetal/Frame Exterior Features Lighting Fencing Chain LinkSecurityMetal Post Fence Foundation Details Slab Horse YN No Lot Features CurbsGuttersFire Hydrant within 500 FeetCul-De-SacCorner LotLevelWithin City Limits Road Frontage Type City Street Road Surface Type PavedAsphalt Roof Metal Deck Spa YN No Waterfront YN No

Interior Features

Accessibility Features No Stairs Basement None Building Area Total 9770 Building Features "Clean" RoomLoading: Dock High Cooling Refrigeration/HVAC Cooling YN Yes Flooring ConcreteFloor: Sealed Heating Forced AirSpace HeaterSuspended Heaters Heating YN Yes Interior Features High Speed InternetCeiling: 16-20 FeetCeiling: Over 20 Feet Living Area Source Assessor

Property Features

Association YN No Business Type Incorporated AreaWarehouseMini-warehouse Cap Rate 7.77 Ditches Active YN No Electric ElectricMaster Meter-ElectricSeparate Meter Electricity200V Electric3-Phase ElectricSan Isabel Gas Natural GasMaster Meter-GasSeparate Meter GasGas Tap PaidCity of Trinida Gross Income 159907.8 Has Improvements No Has Water Rights No Listing Sub Status None Listing Terms CashConventional Locale Trinidad Net Operating Income 118507.8 New Construction YN No Operating Expense 41400 Possible Use CommercialCommercial or IndustrialAdditional Units Property Condition Not NewPreviously Owned Property Sub Type Sale: Commercial/Industrial Sale Includes Building(s)LandLeasesFixtures/EquipmentBusiness Senior Community YN No Sewer City Sewer Special Listing Conditions Licensed Owner Tax Annual Amount 5400 Tenant Pays CPI Annual EscalationAll Operating Costs (used alone) Utilities Natural Gas AvailableElectricity AvailableCable AvailableGas Tap Paid Water Source City WaterCity of Trinidad Zoning Industrial

Listing information © 2024 Information and Real Estate Services
Listing provided courtesy of Doug Petersen of One Premier Properties Limited: 9707637542.



© 2024 Information and Real Estate Services, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Sears Real Estate. Data last updated: 2024-09-19T16:41:44.63.

Information source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules © Copyright IRES.
 
https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1292567-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1292567-2.jpg https://bt-photos.global.ssl.fastly.net/ires/1280_boomver_1_1292567-2.jpg
Logo
Sears Real Estate
2021 Clubhouse Dr. Suite 100
Greeley CO, 80634