Value Add Self-Storage Opportunity – Albuquerque, NM
5604 Carmel Ave NE, Albuquerque, NM 87113

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Albuquerque, NM
Located in Albuquerque—New Mexico’s most populous city with 929,000 residents living within the metro area.
Well-maintained facility on 5.3-acre lot, completed in 1985.
Situated near I-25 with major shopping centers and multifamily housing nearby.
18,550 rentable square-foot structure with 365 units; expansion potential for 241 units for a total of 606 units.
Physical occupancy is 85%, with economic occupancy at 75%.
Protected by an electronic security gate and 24/7 video recording

Cushman & Wakefield’s Self-Storage Advisory Group has been exclusively retained as advisors to offer for sale the StorWise Albuquerque, NM Self-Storage Opportunity.

Take advantage of the opportunity to acquire this nearly stabilized self-storage facility located in Albuquerque, NM. Situated on 5.3 Acres, this 18,550 rentable square foot facility offers 188 drive-up units and 177 uncovered parking spaces which add an additional 74,200 of rentable space. Built in 1985, the facility holds excellent value-add potential with the opportunity to convert both large parking areas into climate-controlled storage, adding an additional 241 units. The facility is currently 85% physically occupied.

Albuquerque is home to 967,000 residents, making it New Mexico’s most populous city by far. With ample career opportunities thanks to an impressive talent pool (that ranks among the top in the nation for cities with the most college graduates) and year-round good weather, Albuquerque is consistently regarded as one of the “Best Places to Live and Retire”.

Easily accessed from I-25, the facility is situated near several major shopping centers, including Lowe’s, Target, and Cabela’s. There is a comfortable median household income of over $79,000 within a three-mile radius, holding a population of just under 65,000 residents. Additionally, 5 multifamily projects totaling 613 units are currently under construction within
3-miles of the property, supporting the growing renter population that currently makes up over 30% of residents in the trade-area.

This investment opportunity allows a savvy investor to acquire a cash flowing facility with built-in avenues for enhanced profits. In addition to the approved 241-unit expansion opportunity, the facility’s in-place rents are significantly below market levels in Albuquerque—affording the opportunity to maximize profits by bringing the facility up to current market rates.

Albuquerque, NM

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Albuquerque, NM Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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