investment highlights – Sonoma Ranch Boulevard
- UPSIDE POTENTIAL // 95 percent physical occupancy with substantial upside in bringing existing tenants up to market through revenue management as well as implementing a tenant insurance program. In addition, there is expansion land inside the fence for the potential to add an estimated 13k square feet of self storage and/or surface parking.
- EXCELLENT LOCATION // Situated in a growing area on Sonoma Ranch Blvd with visibility from US Highway 70 and combined car counts exceeding 48K VPD.
- STRONG DEMOS // Growing three-mile trade area with a 5.31 percent forecasted population growth over the next five years. Average household incomes exceed the national averages at $81,598.
- ATTRACTIVE LAYOUT & DESIGN // Ground level single story access across the entirety of the property featuring non-climate drive up units as well as interior climate control. All metal construction with attached leasing office and paved drive aisles.
- AMENITIES & FEATURES // Security features to include perimeter fencing, video surveillance, digital gate access and LED lighting. Spacious leasing office with security and retail display, cell tower income, prominent elevated signage.
investment highlights – East Mesa
- EXPANSION OPPORTUNITY // The facility has an undeveloped 3.96-acres directly east of the main property presenting an opportunity to build additional drive-up self storage and/or surface parking.
- EXCELLENT VISIBILITY // Located just off of on U.S. Highway 70 with over 23K passing vehicle per day. Highway 70 serves at the primary route between Las Cruces and Holloman Air Force Base as well as White Sands Missile Range, White Sands National Park to the east of the property, and NASA.
- ATTRACTIVE LAYOUT & DESIGN // Ground level access across the entirety of the property with paved drives throughout and an attached leasing office. This facility complements the Sonoma property with an average unit size of 175 square feet for larger storage needs.
- AMENITIES & FEATURES // Security features to include perimeter fencing, video surveillance, digital gate access and LED lighting. Leasing office with security and retail display and prominent elevated signage from U.S. Highway 70.
