I-25 Self Storage with RV & Boat – Bernalillo, New Mexico (Albuquerque MSA)

Property Location

268 South Hill Road
Bernalillo, NM 87004

investment highlights

  • ATTRACTIVE UNIT MIX AND LAYOUT // Currently 97 percent occupied, the facility offers a wide range of storage options from traditional self storage unit and fully enclosed RV space to covered and surface parking. Approximately 52 percent of the revenue comes from enclosed self storage versus covered/surface parking.
  • OPERATIONAL UPSIDE // Significant upside through increasing rates on new and existing tenants bolstered by high 90’s average occupancy across the market.
  • EXPANSION POTENTIAL // Opportunity to develop the surface parking area into premium covered parking space and/or additional ground level climate-controlled or traditional self-storage space.
  • STRONG REVENUE GROWTH // The facility posted a 30.8 percent YOY revenue growth from ’20 to ’21 with continued momentum heading into ’22.
  • EXCELLENT LOCATION // Backs to New Mexico’s most heavily traveled Interstate (I-25) corridor providing direct and supplemental access to some of the country’s most visited recreational destinations in New Mexico, Colorado, Utah, and Arizona.

Broker Information

Adam Schlosser

Senior Vice President

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

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Matthew Reeves

New Mexico Broker of Record

Phone: 505.445.6333
Email: matthew.reeves@marcusmillichap.com
License: License: NM 19583

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Contact The LeClaire-Schlosser Group