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Self-Storage Facility

North Main Self Storage

1712 N Main St, Las Cruces, NM 88001

Listing Price: $2,100,000

Cap Rate
6.50%
Number of Units
294
Occupancy
91.1%
Gross SF
35,314
Rentable SF
35,314
Price/Rentable SF
$59.47
Year Built
1974

Investment Overview

Marcus and Millichap is pleased to offer the sale of North Main Self Storage in Las Cruces, NM. This opportunity includes 258 non-climate units, and 36 climate-control units totaling 35,314 net rentable square feet. The future owner will have the ability to take advantage of the below market rental rates.

Investment Highlights

  • 35,314 NRSF of Climate and Non-Climate Controlled Storage
  • 5.74 SF/Capita in a 5-Mi Radius
  • Rental Rates Below Market
  • 125,030 Population in a 5-Mile Radius

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

North Main Self Storage

Listing Price: $2,100,000

Cap Rate
6.50%
Number of Units
294
Occupancy
91.1%
Gross SF
35,314
Rentable SF
35,314
Price/Rentable SF
$59.47
Year Built
1974

Investment Highlights

  • 35,314 NRSF of Climate and Non-Climate Controlled Storage
  • 5.74 SF/Capita in a 5-Mi Radius
  • Rental Rates Below Market
  • 125,030 Population in a 5-Mile Radius

Investment Overview

Marcus and Millichap is pleased to offer the sale of North Main Self Storage in Las Cruces, NM. This opportunity includes 258 non-climate units, and 36 climate-control units totaling 35,314 net rentable square feet. The future owner will have the ability to take advantage of the below market rental rates.

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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