Crossroads U-Store-It 277 14th Street SE | Loveland, CO

Self Storage Property
For Sale
Crossroads U-Store-It
277 14th Street SE | Loveland, CO
Property Information
Highlights



Excellent high traffic location just northwest of US
Highway 287 7 US Highway 402 in south Loveland

US Highway 287 - 17,430 VPD

US Highway 402 - 15,460 VPD
98 Unit Self Storage Facility with manager’s
apartment located at Hwy 287 & Hwy 402 in great
South Loveland location
Price
$580,000 ($44.54/SF)
Building Size
12,900 NLSF
Units &
98 Units + 1 Apartment (99 Total)
Unit Mix
5x5 - 16 Units
5x15 - 18 Units
8x15 - 20 Units
Current occupancy of 95% and manager’s
apartment is currently generating $650/month
income

Just south of new Rocky Mountain Center for
Innovation and Technology Park, expected to create
several thousand new jobs

18.3% 10 Year Levered IRR, 11.1% Unlevered IRR

Great “hands-off” investment - property manager
spends less than 10 hours/week operating
10x15 - 25 Units
10x20 - 13 Units
15x20 - 6 Units
Zoning
Developing Industrial
Cap Rate
8.3% Pro forma on current asking rents
Property Taxes $11,337.40 (2011)
Offering Memorandum with financials, rent, and sales
survey available with signed Confidentiality Agreement
Innovative Real Estate
Brokerage & Development
Nathan Klein
Partner / Broker Associate
(O) 970.667.7000 x 109 (C) 970.222.2473
[email protected]
www.lovelandcommercial.com
Nick Galluzzo
Broker Associate
(O) 970.667.7000 x 104 (C) 720.297.4203
[email protected]
The information above has been obtained from sources believed reliable but is not guaranteed. It is your responsibility to independently confirm its
accuracy and completeness. 9/24/2012
Aerial & Map
Innovative Real Estate
Brokerage & Development
Demographics
Nick Galluzzo
Broker Associate
(O) 970.667.7000 x 104 (C) 720.297.4203
[email protected]
Nathan Klein
Partner / Broker Associate
(O) 970.667.7000 (C) 970.222.2473
[email protected]
www.lovelandcommercial.com
(Source: STDB Online 2012, radius)
1 Mile
3 Mile
5 Mile
2010 Est. Pop
3,647
39,043
75,419
Households
1,310
15,829
29,549
Avg. HH Inc
$60,668
$64,556
$70,694
Businesses
277
2,186
3,433
Employees
2,011
18,021
31,522
The square footage above are estimates from sources believed reliable but is not guaranteed. It is your responsibility to independently confirm its accuracy
and completeness. 9/24/2012
CONFIDENTIALITY AGREEMENT
This Agreement is entered into as of the ______ day of _____________, 2012, by
and between Jeff & Tammy Fisher & Lynn Elliott (the "Disclosing Party") and
_______________________________ (the "Interested Party").
In connection with the Interested Party's desire to explore the possibility of
entering into a transaction with the Disclosing Party, which is briefly described as a selfstorage facility located at 277 14th Street SE in Loveland, CO (the "Transaction"), the
Disclosing Party has furnished and is furnishing certain information to the Interested
Party. The term "Information" shall mean all information that the Disclosing Party has
furnished or is furnishing to the Interested Party, whether furnished before or after the
date of this Agreement, whether tangible or intangible, and in whatever form or medium
provided, as well as information generated by the Interested Party or by its
Representatives (as defined below) that contains, reflects, or is derived from the furnished
Information.
In consideration of the Disclosing Party's disclosure of Information, the Interested
Party agrees that it will keep the Information confidential and that the Information will
not be disclosed by the Interested Party or by its officers, directors, partners, employees,
affiliates, agents, or representatives (collectively the "Representatives") in any manner
whatsoever, in whole or in part, and shall not be used by the Interested Party or by its
Representatives other than in connection with the Transaction. In addition, the Interested
Party agrees to transmit the Information only to such of its Representatives who need to
know the Information for the sole purpose of assisting the Interested Party in evaluating a
Transaction, who are informed of this Agreement, and who in writing agree to be bound
by the terms hereof as if a party hereto. In any event, the Interested Party shall be fully
liable for any breach of this Agreement by its Representatives.
Neither the Interested Party nor its Representatives shall disclose to any person the
fact that the Interested Party has received any of the Information or that discussions or
negotiations are taking place concerning a Transaction, including the status thereof. The
Interested Party agrees that at the conclusion of its review of the Information or within
three business days after the Disclosing Party's request, all copies of the Information in
any form whatsoever (including, but not limited to, any reports, memoranda, or other
materials) will be delivered by the Interested Party and its Representatives to the
Disclosing Party and shall not be retained in any form by the Interested Party or its
Representatives.
Neither the Disclosing Party nor any of its representatives has made or makes any
representation or warranty as to the accuracy or completeness of the Information. The
Interested Party agrees that neither the Disclosing Party nor the Disclosing Party's
representatives shall have any liability to it or any of its Representatives resulting from
the provision or use of the Information. The Interested Party acknowledges and agrees
that in the event of any breach of this Agreement, the Disclosing Party will be irreparably
and immediately harmed and Disclosing Party's remedies at law are inadequate.
Accordingly, it is agreed that in addition to any other remedy to which the Disclosing
Party may be entitled at law or in equity, including the recovery of damages, the
Disclosing Party shall be entitled to an injunction, without the posting of any bond and
without proof of actual damages, in order to stop a breach or threatened breach of this
Agreement. Neither the Interested Party nor its Representatives will contest the granting
of such relief. The Interested Party also agrees to reimburse the Disclosing Party for all
costs and expenses, including attorney's fees, incurred by the Disclosing Party in
enforcing this Agreement or as a result of the Interested Party or its Representatives
breach of this Agreement. No failure or delay by the Disclosing Party in exercising any
right, power, or privilege hereunder shall operate as a waiver of such right, power or
privilege.
This Agreement shall be governed by and construed in accordance with the laws
of the State of Colorado applicable to contracts between residents of Colorado to be fully
performed within Colorado. The Interested Party agrees that any action or proceeding
arising out of or related in any way to this Agreement shall be brought in District Court,
Larimer County, Colorado. The Interested Party hereby irrevocably and unconditionally
consents to the jurisdiction of such court and hereby irrevocably and unconditionally
waives any objection to the venue regarding any such action or proceeding. The
Interested Party also irrevocably and unconditionally waives the right to a jury trial in
connection with any dispute arising out of or related to this Agreement, the Information,
or the Transaction.
The Interested Party agrees that unless and until a definitive agreement between
the Disclosing Party and Interested Party regarding the Transaction has been executed
and delivered, neither the Disclosing Party nor the Interested Party will be under any
legal obligation of any kind whatsoever regarding the Transaction by virtue of this
Agreement except as to matters specifically set forth herein. This Agreement may be
modified or waived only by separate writing by the Disclosing Party and the Interested
Party.
DISCLOSING PARTY
INTERESTED PARTY
________________________________
________________________________
By:_____________________________
By:_____________________________
Title:__________________
Title:__________________
________________________________
Disclosing Party's Broker
________________________________
Interested Party's Broker