It’s that time of year again! Garden of the Gods Self Storage will host its annual storage unit auction on September 17, 2024, at 3:30 PM at 4905 N 30th Street, Colorado Springs, CO, 80919.
How the Storage Auction Works Storage auctions occur when storage units have been abandoned or encumbered. These units are auctioned off to the highest bidder with the help of an auctioneer. Both seasoned bidders and first-timers attend these auctions, so take some time to learn how they work and what to expect.
Register for the Storage Auction To participate, you must register before the event. Registration begins in person before the sale starts on the day of the auction at the front office of Garden of the Gods Self Storage.
For specific registration questions, contact the storage facility at (719) 265-5900.
Storage Auction Rules There are a few universal guidelines for storage auctions:
- Bidders bid on the contents of the entire storage unit, not individual items.
- The auction of each unit is open, with no sealed bids.
- The unit is sold to the highest bidder.
- The winning bid must be paid in cash immediately.
- A deposit may be requested until the unit is cleaned out, which is returned upon clearing the unit.
- The winning buyer typically has 24 to 48 hours to clean out the unit or rent it under their name.
- Vehicles, watercraft, trailers, and other items requiring a title or registration will be towed away by Klaus Towing on the day of the auction.
- Personal items, such as photos, legal documents, tax records, and identification, must be returned to the facility.
- Firearms found in the unit must be turned over to local law enforcement.
Winning Bids Vary Winning bids on self-storage spaces can range from under $100 to nearly $1,000, depending on the visible contents of the unit. Prices can rise quickly, especially when highly recognizable objects are in view.
Payment for Won Units The top bidder must pay the balance immediately after winning. This ensures that the self-storage facility is reimbursed for any costs incurred. Once paid, you may be able to start clearing out the unit right away.
Interested in attending this year’s Storage Auction? Join us at 4905 N 30th Street, Colorado Springs, CO, 80919 on September 17, 2024, at 3:30 PM and feel free to contact us for more information.