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Acme Capital

Pipeline/Maplewood Self Storage

Maplewood Self Storage

Demo
Denver, COMapSelf Storagevia Amanda Torres – CBREScreening

Stage Checklist

Screening

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Confirm market vacancy and rent data

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Overview

Demo data
450-unit self storage facility in Denver's southeast submarket. Mix of climate-controlled and standard units across 62,000 net rentable SF. Currently 91% occupied. Stabilized asset with below-market rents — opportunity to push rates on rollover.

Risks

Demo data
- Rent growth assumptions (3%/yr) may be aggressive given new supply pipeline in Denver metro - Environmental Phase I not yet ordered - Roof replacement estimated at $180k deferred within 2 years

Notes

Demo data
Spoke with Amanda Torres on 3/4 — seller motivated, willing to carry 5% seller note at closing. Targeting LOI by 3/21. Need to confirm debt terms with lender before submitting.

Financial Snapshot

Demo data

Purchase Price

$8,200,000

NOI

$492,000

Cap Rate

6.00%

Debt Rate

6.75%

LTV

65.00%

Projected IRR

14.20%

Based on 3% annual rent growth and 5-year hold.

Underwriting Score

Demo data68/100

68

out of 100

5 of 8 criteria scored

Location Grade

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Well-located Denver southeast submarket with strong household density that supports self-storage demand.

Tenant Quality

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Self-storage tenants are month-to-month by nature; no tenant credit risk, but high rollover exposure.

Lease Term Remaining

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Month-to-month lease structure provides rate flexibility but limits income predictability over the hold period.

Debt Coverage Ratio

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At 91% occupancy and below-market rents, DSCR is solid with meaningful upside as rates are pushed to market.

Cap Rate vs Threshold

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6.0% going-in cap rate is at our acquisition threshold; returns depend on executing the rent-to-market strategy.

Market Demand

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Physical Condition

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Exit Strategy Clarity

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Files

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Contacts

Demo data
Amanda TorresbrokerSource

CBRE

Decision Log

Demo data
Deal Createdabout 2 months ago

by Alex Rivera

Note Updatedabout 2 months ago

by Alex Rivera

File Uploadedabout 2 months ago

Maplewood_SS_OM.pdf

by Alex Rivera

Stage Changedabout 1 month ago

New → Screening

by Alex Rivera

Note Updatedabout 1 month ago

by Alex Rivera

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