PEARL STORAGE< Back to Portfolio
New to DPC Companies value-add products is Pearl Storage, a 6.5 acre, 960-unit self-storage facility located in Boulder, Colorado.
The property features broad zoning in a central location, directly in the path of the energy of Boulder's commercial growth, with neighbors such as Google and Apple, and minutes from the University of Colorado. The property sits within one of the few Opportunity Zones in Boulder, offering long-term tax benefits that come with future redevelopment.
The current self-storage operation is the low-cost alternative for the competitive set, offering a wide variety of unit sizes and drive-up containers that vary in size from 5’x4’ up to 8’x40’, and three warehouse buildings which contain climate-controlled units.
Future redevelopment plans could include multi-family, life sciences, or other mixed uses.
This acquisition follows DPC’s philosophy of buying assets in top locations, and supply constrained markets, and operating them in their current form until future development identifies itself.