Best Self Storage Solutions in Farmington, New Mexico

Property Location

501 Illinois Ave
Farmington, NM 87401

4500 Lomas St
Farmington, NM 87401

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investment highlights

  • REMOTE MANAGEMENT MODEL // Current owners operate the facilities from out of state with just one local part-time maintenance guy and no onsite employees. New tenants rent units online or through an agent at a call center and are given a code to open the electronic gate.
  • UPSIDE POTENTIAL // 90 percent physical occupancy despite minimal advertising with upside in bringing existing tenants up to asking rent through revenue management. New owner could rent out a 40×40 office space at Basin which is currently unused and vacant.
  • FEATURES // Both facilities are secured by an electronic gate, perimeter fence, LED lights, and remote access security cameras. Each location has an onsite leasing office which are not used.
  • ATTRACTIVE LAYOUT & DESIGN // Ground level single-story access across the entirety of the two locations featuring 100 percent non-climate drive-up units. Buildings are concrete block or metal construction with attached leasing office and paved drive aisles.
  • GOOD LOCATIONS // Two separate locations in Farmington, New Mexico. Basin is centrally located in the city of Farmington while Harper Hill is five miles west near a residential subdivision growth area.

Broker Information

Thomas Parsons

First Vice President

Phone: 303.328.2068
License: CO FA100071008

Ryan Sarbinoff

Broker of Record

Phone: 505.445.6333
License: 20675

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Contact The LeClaire-Schlosser Group