overview video
PORTFOLIO POTENTIAL // This offering is part of the Storage Plus and Top Lock Storage 5 State – 25 Property Portfolio, but can be purchased individually.
investment highlights – Carlsbad
- INSTITUTIONAL SCALE ASSET // 551 units and 83,327 NRSF on around 9.30 acres with modern features including roll up doors, gated keypad access, security lighting, video surveillance, interior dust control storage, drive-up units, and outdoor parking.
- PRIME CORRIDOR LOCATION // Direct frontage on National Parks Highway with 6,011 vehicles/day, positioned in one of Carlsbad’s busiest commercial zones.
- CARLSBAD IS NEW MEXICO’S FASTEST GROWING CITY // A combination of tourism, the #1 gas producing area in the region, long term federal nuclear investment, and a century old potash mining industry create one of the most diversified and resilient economies in the Southwest.
- IMMEDIATE OPERATIONAL UPSIDE WITH AN ATTRACTIVE IN PLACE YIELD // The asset delivers an in place cap rate above 6.25 percent at a physical occupancy of only around 74 percent.
- FLEXIBLE PORTFOLIO EXPANSION ACROSS SOUTHEASTERN NEW MEXICO’S STRONGEST ECONOMIC CORRIDORS // Storage Plus of Carlsbad can be acquired stand alone or in conjunction with Storage Plus of Artesia Portfolio and/or Storage Plus of Eunice Portfolio.
investment highlights – EUNICE
- 150 UNITS AND 21,400 NRSF ACROSS TWO WELL MAINTAINED FACILITIES IN EUNICE, NEW MEXICO // The sites are located around 6/10 miles apart enabling efficient multi site operations.
- DRIVE UP, NON CLIMATE METAL CONSTRUCTION WITH ROLL UP DOORS, SURVEILLANCE CAMERAS, LED SECURITY LIGHTING, AND ONSITE OFFICES // Crushed asphalt driveways at both locations; Avenue G includes interior dust control units and outdoor parking.
- WORLD CLASS NUCLEAR FUEL PRODUCTION AND HIGH OUTPUT OIL FIELDS // Eunice is home to Urenco USA, the nation’s only commercial scale uranium enrichment plant. The facility supplies about 1/3 of all U.S. nuclear fuel, making Eunice a critical national energy hub. Eunice also sits in the middle of one of the most productive oil regions in the entire United States.
- IMMEDIATE CASH FLOW + CLEAR UPSIDE // A day one cap rate above 7.25 percent provides strong in place yield and with occupancy in the low 70 percent range, there is still a large amount of lease up potential.
- FLEXIBLE PORTFOLIO EXPANSION ACROSS SOUTHEASTERN NEW MEXICO’S STRONGEST ECONOMIC CORRIDORS // The Storage Plus of Eunice Portfolio can be acquired stand alone or in conjunction with Storage Plus of Artesia Portfolio and/or Storage Plus of Carlsbad.
investment highlights – ARTESIA
- 100 UNITS – 16,250 NRSF ACROSS THREE LOCATIONS IN ARTESIA, NEW MEXICO // Properties located ~ 7/10 mile apart, including two locations that are a about four hundred feet apart enabling efficient multi site operations.
- QUALITY CONSTRUCTION & SECURITY FEATURES // The properties feature metal construction, roll up doors, surveillance cameras, and LED security lighting.
- DIVERSE ECONOMY SUPPORTED BY AGRICULTURE, OIL & GAS, AND FEDERAL EMPLOYMENT // Artesia has one of the highest household income levels in New Mexico and is home to the second largest Federal Law Enforcement Training Center (FLETC) in the U.S., providing 900+ full time jobs.
- STABLE PERFORMANCE WITH CLEAR UPSIDE // 84 percent physical occupancy, demonstrating consistent demand yet low 60 percent economic occupancy, offering meaningful revenue improvement opportunity.
- FLEXIBLE PORTFOLIO EXPANSION ACROSS SOUTHEASTERN NEW MEXICO’S STRONGEST ECONOMIC CORRIDORS // The Storage Plus of Artesia Portfolio can be acquired stand alone or in conjunction with Storage Plus of Eunice Portfolio and/or Storage Plus of Carlsbad.
