Kangaroo Self-Storage, a 5.13-acre storage facility in Denver, recently sold to a private investor for $3.95 million. The property was built in 2000 and expanded in 2004. It comprises 431 storage units and 59,220 net rentable square feet.

July 10, 2013

1 Min Read
Kangaroo Self-Storage Property in Denver Sells for $3.95M

Kangaroo Self-Storage in Denver***Kangaroo Self-Storage, a 5.13-acre storage facility in Denver, recently sold to a private investor for $3.95 million. The property was built in 2000 and expanded in 2004. It comprises 431 storage units and 59,220 net rentable square feet.

Charles Chico LeClaire, a senior vice president in the Denver office of Marcus & Millichap Real Estate Investment Services, represented the seller, a limited liability company, as well as the buyer.

This was a great deal for both sides, LeClaire said. The seller was taking profits at a good time, and the buyer got to enter into the difficult Denver market.

The property at 15200 E. 53rd Ave. includes 68 spaces for vehicle storage and a two-story onsite manager's office with an apartment. Security features include perimeter fencing, coded gate access, exterior lighting and video cameras.

Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.

Subscribe to Our Weekly Newsletter
ISS is the most comprehensive source for self-storage news, feature stories, videos and more.

You May Also Like