1015 S 17th St - Self-Storage Facilities FOR SALE


Lovington, NM 88260
$4,811,929 USD
918-948-3941
1015 S 17th St, Lovington, NM for Sale
$4,811,929 USD
Self-Storage Facilities - FOR SALE
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1015 S 17th St
Lovington, NM 88260


HIGHLIGHTS

  • Well-positioned, stabilized property with flexibility for full-time, part-time or unmanned staffing
  • Strong tertiary market rental rates (average on-site NCC 10x10 market rates of $1.22/month)
  • Low maintenance property with minimal CapX
  • Good demographics with 12,900 population and $73,248 median household income within 3 miles
  • Attractive supply fundamentals, 6.5 SF per Capita within 3 miles

OVERVIEW

Advantage Storage – Lovington is a well-maintained self-storage facility located at 1015 S. 17th St., Lovington, New Mexico 88260, within Lea County. The property comprises 45,200 net rentable square feet across 267 total units, situated on a 3.83-acre lot. Developed in two phases (2016 and 2020), the facility features seven single-story buildings constructed with steel framing and metal exteriors for the storage units, and a concrete and brick exterior for the office. The property offers a diverse unit mix of climate-controlled, non-climate-controlled, and parking spaces, catering to a range of storage needs. Security is enhanced with 24-hour video surveillance, wrought iron fencing, keypad access, and a gated entry. The site also benefits from asphalt parking surfaces and shingle and metal roofing. Additionally, the facility is positioned with approximately 1 acre for expansion, allowing for potential future value enhancement (see pages 17-18 of OM for Open Parking Expansion Concept).

FOR SALE DETAILS

PRICE

$4,811,929 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

-

APN/PARCEL ID

4000346950001

ASK ABOUT THIS PROPERTY

Jared JonesJones Investment Real Estate, LLCMore Info
918-948-3941

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Jared JonesJones Investment Real Estate, LLCMore Info
918-948-3941

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.