Dona Ana Storage

Property Location

5540 Vanegas Drive
Las Cruces, NM 88007

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investment highlights

  • QUALITY CONSTRUCTION \\ Tilt up concrete exterior walls, metal Kynar coated metal roofs, and concrete drive aisles. The seller owns a construction business and built this facility to be low maintenance and durable.
  • UPSIDE POTENTIAL \\ The leasing office is only open 34 hours over five days per week and there is no website. A new owner can achieve upside through implementing marketing and management best practices. In 2020, the seller occupied 23 units without paying any rent which would have been an additional $1,580/month in revenue. Seller is currently consolidating some of the 23 occupied units, but upon sale is willing to execute a 1-year lease for all seller occupied units.
  • PROMINENT LOCATION VISIBLE FROM INTERSTATE 25 \\ Located in Las Cruces NM just north of El Paso, TX. A new sign facing I-25 would increase exposure to new tenants.
  • EXCELLENT PHYSICAL FEATURES \\ LED lights, security cameras, onsite managers apartment, leasing office, and keypad controlled gate.

Broker Information

Thomas Parsons

Senior Associate

Phone: 303.328.2068
Email: tparsons@marcusmillichap.com
License: CO FA100071008

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Matthew Reeves

Broker of Record

Phone: 505-445-6333
License: NM 19583

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Contact The LeClaire-Schlosser Group