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621 Wright Ave, Alamogordo, NM, 88310

ALAMOGORDO SELF STORAGE PORTFOLIO
$3,750,000

Key Information

Tot. SF
67,233
Units
443
Type
Self Storage
Occupancy
95.71%
NOI
$313,372

Highlights

  • Turn key opportunity with a strong current tenant base and cash flow immediately upon purchase.
  • Large 2 property 60K+ portfolio located within 2 Miles of each other, enabling strength in consolidation and reduced operating expenses compared to two independent facilities.
  • Desirable drive-up units offering a large range of sizes. GCW also has covered and uncovered parking, enabling more phone calls from possible renters who need more space.
  • Portfolio is offered at an attractive ~8.36% cap rate on current and $61.63 / SF, offering an opportunity for appreciation in both cap rate and $/ SF metrics on a future sale.

Photos

Location

Agents

Broker of Record

Brian Brockman

License # 20241 (NM)
Bang Realty-New Mexico Inc
11427 Reed Hartman Hwy Suite 236, Cincinnati, OH 45241