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Self-Storage Facility

Best Self Storage Solutions - Basin

501 Illinois Ave, Farmington, NM 87401

Listing Price: $2,748,123

Cap Rate
6.61%
Number of Units
230
Occupancy
89.6%
Gross SF
37,430
Rentable SF
37,430
Price/Rentable SF
$73.42
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to present Best Self Storage Solutions - Basin, two self storage facilities located in Farmington, New Mexico.

Investment Highlights

  • REMOTE MANAGEMENT MODEL \\ Current owners operate the facilities from out of state with just one local parttime maintenance guy and no onsite employees.
  • UPSIDE POTENTIAL \\ 90% physical occupancy despite minimal advertising with upside in bringing existing tenants up to asking rent through revenue management.
  • FEATURES \\ Both facilities are secured by an electronic gate, perimeter fence, LED lights, and remote access security cameras.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Self-Storage Facility

Best Self Storage Solutions - Basin

Listing Price: $2,748,123

Cap Rate
6.61%
Number of Units
230
Occupancy
89.6%
Gross SF
37,430
Rentable SF
37,430
Price/Rentable SF
$73.42
Year Built
2008

Investment Highlights

  • REMOTE MANAGEMENT MODEL \\ Current owners operate the facilities from out of state with just one local parttime maintenance guy and no onsite employees.
  • UPSIDE POTENTIAL \\ 90% physical occupancy despite minimal advertising with upside in bringing existing tenants up to asking rent through revenue management.
  • FEATURES \\ Both facilities are secured by an electronic gate, perimeter fence, LED lights, and remote access security cameras.

Investment Overview

Marcus & Millichap is pleased to present Best Self Storage Solutions - Basin, two self storage facilities located in Farmington, New Mexico.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

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