615 S Mesa St - Heartland Storage - Fruita CO 44,150 SF Specialty Building Offered at $6,976,277 CAD at a 5.87% Cap Rate in Fruita, CO 81521

Bang Realty is pleased to exclusively present Heartland Storage, a self-storage renovation and value-add acquisition opportunity located at 615 South Mesa Street, Fruita, CO. This property comprises 363 units across 44,150 NRSF and sits on a 2.50-acre lot. Built in 1996 and expanded in 2023, the Class B facility features a blend of vintage and new physical construction, which presents a significant opportunity for operational stabilization and increased occupancy. The property is currently 88.29% physically occupied, providing a clear path to improving revenue through strategic lease-up, optimized pricing, and increased tenant demand. Targeted at a $4,900,000 purchase price, stabilizing this recent-vintage asset highlights the upside potential for this investment.
The investment offers a compelling competitive profile as the largest facility in its immediate vicinity, differentiating itself by offering highly desirable climate-controlled units. The local market serves a growing population within a 3-mile radius of Fruita, benefiting from constrained local housing supply and outsized demand from the region's outdoor recreation tourism. With strong demographics featuring a 5-mile median household income of $84,103, this offering presents a unique opportunity to capitalize on the lease-up of a modern facility and realize strong returns through strategic management and long-term stabilization.