The Property is 56% occupied by Broadway Station Self Storage, a fully third-party managed operation delivering in-place income from the day ownership transfers. The remaining space is available for lease-up or owner-user conversion, positioning the asset to capture Denver’s growing demand for infill last-mile industrial space given its location inside the South Broadway corridor. The offering is further defined by a court-appointed receivership sale, a structure that offers more control than a short sale or foreclosure and allows purchasers to use standard financing, a more direct path to closing than a typical distressed sale.
The asset suits owner-users seeking a functional, well-powered industrial building, value-add investors underwriting lease-up of the vacant space, and buyers drawn to the in-place self storage income.
