DENVER, CO | The LeClaire-Schlosser Group of Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Dona Ana Storage, a 35,525 square foot storage facility located in Las Cruces, New Mexico, just north of El Paso, Texas.
Thomas Parsons, Senior Investments Associate, and Adam Schlosser, Senior Vice President Investments, in Marcus & Millichap’s Denver, Colorado office, with assistance by Matthew Reeves, Senior Associate, in the firm’s Albuquerque, New Mexico office, had the exclusive listing to market the property on behalf of the Seller. “One challenge to this deal were the 40+ storage units used by the seller on a complimentarily basis. During escrow, the Seller vacated most units which were soon re-rented to new customers which speaks to the strong spring leasing season we’re seeing in multiple markets,” said Parsons. Haggar Group was the Buyer who now own 27 storage facilities throughout the Southwest using their brand name StorWise Self Storage.
“One challenge to this deal were the 40+ storage units used by the seller on a complimentarily basis. During escrow, the Seller vacated most units which were soon re-rented to new customers which speaks to the strong spring leasing season we’re seeing in multiple markets.”
Dona Ana Storage consists of 273 non-climate controlled units. The buildings feature 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. The facility has many other amenities including LED lights, security cameras, onsite managers apartment, leasing office, and keypad controlled gate.
