Services - Storage & Warehousing

Asking Price	$1,150,000	Inventory
Gross Income	$103,714	Real Estate
Cash Flow	Not Disclosed	Year Established	1994
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

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*Self storage project and office building is in excellent condition *Great visibility and accessibility from 160E *Immediate room to expand with three or more buildings *Property has run at 90%-98% occupancy for years *Electronic entry system/ security fencing *On-site management office High Country Storage has a total of 28,200 SF of space in six buildings, containing 179 self storage units, plus a one-story, 6-tenant, 4,800 SF office building. The project is located in Montezuma County, Cortez, Colorado. The six metal buildings that have been meticulously maintained and are in excellent condition are located behind a security fence with electronic gate access. The entire site is 10.65 acres with 6 acres currently being utilized for the self storage and office building. The office building was built in 1978, and is in excellent condition. The self storage units were built in stages with the first in 1994 and the most recent in 2005. Up until this year, the property has enjoyed high occupancies all year long. In 2009, because of the slowing economy, vacancies are up a bit with a current occupancy of 86.59%. Seller maintains a small retail shop at the front of the office offering t-shirts and various tourist items for sale.

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Facilities: At time of sale, personal property that will be included in the transfer of the property will be two computers and two printers, fax machine, two telephones, small refrigerator, microwave, TV, stand and Direct TV system, as well as inventory in retail including T-shirts, miscellaneous gift items and all fixtures. One office chair, computer desk and file cabinets, as well as propane tank will also be included.

Growth/Expansion: The self storage facility could easily be expanded with three 30 X130 buildings on the one acre parcel on the east side of the main office. This ground is currently leased to Fraley Oil & Gas for the storage of their propane tanks. Fraley Oil & Gas has been servicing the southwestern party of Colorado since 1939.