Real Estate & Construction  March 20, 2019

Fort Collins storage facility sold for $10.45M

FORT COLLINS — South College Self Storage at 137 Skyway Drive in Fort Collins recently sold for $10.45 million, Larimer County public records show.

The buyer was Storage Star LLC, an affiliate of California real estate investment firm FollettUSA. The seller was self-storage developer GYS Development LLC.

The newly opened 105,300-square-foot facility has storage 708 units, according to a GYS news release.

“GYS Development LLC creates best-in-market self-storage projects that attract industry-leading buyers. Storage Star/FollettUSA is the type of superior owner/operator that appreciates the value that was generated at the South College…

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A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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