Valley Vista Self Storage

Valley Vista Self Storage2020-03-13T12:43:04-04:00

Project Description

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale Valley Vista Self Storage.

$3,300,000 – 48,200 NRSF

3901 Ervien Lane SW
Albuquerque, NM 87121
The Albuquerque Metropolitan Area

Valley Vista Self Storage is comprised of 48,200 rentable square feet on approximately 8 acres of land. The facility offers 395 non-climate-controlled units and 28 parking spaces ranging from 50 square feet to 300 square feet. The facility advantageously offers expansion potential directly adjacent to the property; there is approximately 17 acres of land available. To ensure a secure premise, the facility is equipped with video surveillance, fencing and gating. The subject has solid physical and economic occupancies of 85 percent and 84 percent, respectively, demonstrating the strong demand for storage within the Albuquerque Metropolitan Area.

The subject property is ideally situated within a thriving corridor of Albuquerque and benefits from a dense population exceeding 103,000 individuals within three miles of the site. The facility offers convenient ingress and egress to and from Coors Boulevard, which sees traffic counts of over 27,000 vehicles daily. This thoroughfare serves as a major commercial roadway to the Albuquerque Metro Area. Valley Vista Self Storage has established a significant market footprint as the primary storage provider for the surrounding area; there is only one competitor within a mile of the property. Albuquerque is a rapidly-expanding technology hub with a low cost of living and a high quality of life, leading to consistent growth as one of the country’s largest metro areas.

Valley Vista Self Storage allows an investor the ability to acquire a well-maintained self-storage asset with multiple upsides, including forward-looking financials. The subject boasts leveraged IRRs of 19.0 percent and 19.1 percent in years five and seven. The facility is stabilized and offers a rare opportunity to capitalize on major expansion potential; the city has a high demand for RV storage and the adjacent land already has a special use permit in place. Additionally, an investor can further profit by raising rates to meet the market average in this underserved division of Albuquerque.

Investment Highlights:

  • Serves as the Primary Self-Storage Facility for the Surrounding Communities
  • Solid Physical and Economic Occupancies of 85 Percent and 84 Percent, Respectively
  • Capitalize by Raising Rental Rates to Meet the Comparable Average; 10×10 Non-Climate Rates are 42 Percent Below Market
  • Major Expansion Potential with 17 Acres of Land Adjacent to the Subject Property; SUP Permit Already in Place for Coveted RV Storage
  • Competitors Located Over One Mile from the Subject Property
  • Forward-Looking Financials Including a Year Five Leveraged IRR of 19 Percent
  • Strong Traffic Counts on Coors Boulevard Exceeding 27,000 Vehicles Per Day
  • 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 Valley Vista Self Storage.

    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.