Self Storage Facility Perfectly Located in Santa Fe

Industrial for Sale
Catylist Listing ID: 30577209
Property Subtypes: Self Storage
Building Size (RSF): 33,800 SF
Gross Building Area: 34,845 SF
Gross Land Area: 2.03 Acres
Sale Price: $5,000,000
Unit Price: $147.93 PSF
Property Use Type: Investment
Building Name: Global Storage - Maclovia
Usable Size (USF): 34,845 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 80
Last Updated: 11/11/2020

Overview / Comments

Amazing 2 acre Storage facility, 85% stabilized in the heart of Santa Fe near the intersection is St Michael and Cerrillos. This Self Storage facility includes a long term Tile Business tenant, that is a staple to the Santa Fe community. This is a tremendous opportunity to obtain long term storage facility income, with the addition of daily exposure from the additional business. Storage Facilities have been named some of the best generational investments in the past few years. Land value alone worth 3M.

Property is conveniently located just of Cerrillos Rd near St. Michaels. The fact that the Anchor tenant is a tile distributor and staple to Santa Fe, gives this property additional exposure. With the proper management, this storage facility went from 50% stability to 85% in less then three years. And, stability is only rising. In addition, there is the possibility of additional revenue streams, such as room for environmentally controlled storage.

Additional Details

Nearest MSA: Santa Fe
County: Santa Fe
Tax ID/APN: 1051097490258000000
Zoning: LIMITED COMMERCIAL DISTRICT (R-5)
Property Located Between: St. Michaels and Siler
Highway Access: A few miles from St. Michaels and St. Francis
Site Description: Just off Cerrillos, somewhat rectangle in shape facing East
Area Description: Well Established Area
Tenancy: Multiple Tenants
Total Number of Buildings: 11
Number of Stories: 2
Property Condition: Average
Year Built: 1986
Construction/Siding: Steel Frame
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,035 58,873 85,875
Median Age: 40.18 42.89 42.13
Households: 5,069 27,333 38,176

Contact

Photograph of Listing Agent

Michael Glass

R1 Commercial
CARNM CIE Member
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