4415 SELF STORAGE

Property Address: 4415 N Elizabeth St, Pueblo, CO 81008

Oakside, together with Jennifer Stein Real Estate, is pleased to present 4415 Self Storage, a 238-unit, 24,250 NRSF self-storage facility located at 4415 N Elizabeth St in Pueblo, Colorado, the county seat of Pueblo County and the largest city in southern Colorado, approximately 45 miles south of Colorado Springs. Completed in 2025, the property is set on 2.13 acres across six buildings and offers 233 drive-up non-climate units and 5 outside parking spaces, secured by an electric keypad-entry gate. Currently 31.1% physically occupied (40.6% by area) and 13.9% economically occupied, the asset sits in the earliest innings of lease-up, handing a buyer the entire stabilization runway on a newly built facility.

INVESTMENT HIGHLIGHTS

• Outsized NOI ramp, with the model scaling net operating income to approximately $148K by Year 2 and $220K by Year 3 as physical occupancy climbs toward 92%, allowing a buyer to capture the full value-creation curve rather than acquiring an already-stabilized asset
• In-place rents sit roughly 29% below market and are validated by a survey of seven nearby competitors showing required increases of 18-42% across unit sizes to reach local averages, including 29% on the 10x20 and 42% on the 10x30, an evidenced and executable path to capture rate as the facility fills
• Durable, low-capex construction featuring steel framing on concrete foundations, in pristine physical condition with no deferred maintenance and no near-term capital projects, letting a buyer focus entirely on leasing and revenue execution
• Highly efficient, low-overhead operating model, remotely managed with payroll modeled at just $10,000 annually, holding down operating expenses and expanding NOI margins as revenue scales through stabilization
• Robust residential pipeline feeding the immediate trade area, with roughly 400 units within one mile of the site (BLD Pueblo Multifamily, 285 units, and Outlook Ridge Phase III, 120 units) and thousands more planned or underway within five miles, including Belmont Place (411 units), Pueblo Springs Apartments (310 units), and Villa Bella Subdivision (310 units)
• Southern Colorado's diversified healthcare, industrial, and education hub, anchored by UCHealth Parkview Medical Center, EVRAZ Rocky Mountain Steel, CS Wind, Trane Technologies, Colorado State University-Pueblo, Pueblo School District 60, and the PuebloPlex industrial and logistics redevelopment, drawing affordability-driven relocation from pricier Front Range markets
• Strong regional connectivity and a deep surrounding demand base, with access via Interstate 25, U.S. Highway 50, major freight rail lines, and Pueblo Memorial Airport, supporting a 3-mile population of 41,598 and 5-mile population of 79,949 with median household incomes of $57,173 and $51,486, respectively