Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Airport Road Self Storage located in Santa Fe, New Mexico. The facility was recently expanded in 2021 and consists of 454 non-climate-controlled units totaling 62,700 net rentable square feet. This is a stabilized cash flowing facility that is currently 97 percent physically occupied. The property is fully fenced with a keypad, gated entry, an onsite management office, and 24-hour video surveillance. The facility is located just six miles from downtown Santa Fe, and benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 77,159, which represents a 28.5 percent increase since 2000 and is expected to continue to grow over the next five years. The property is located two miles from Interstate 25 and under four miles from Santa Fe Regional Airport. The facility is surrounded by lots of residential neighborhoods, as well as, restaurants, and national retail brands. Airport Road Self Storage is being offered for $11.25 million or $179.43 per rentable square foot.