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High Country Storage is a value-add investment opportunity located in Santa Fe, NM, within the Santa Fe Metropolitan Statistical Area, which has a population of 155,956. The property is situated at 27736 W Frontage Rd, Santa Fe, NM 87507, offering 36,496 rentable square feet across 133 units and spaces, with a strong overall physical occupancy of 92%. The facility spans 3.77 acres, with 164,221 gross square feet and five buildings constructed of metal, wood, and concrete. Built in 1968, the property presents room for expansion and the potential for increased revenue through additional development.
With a pricing guidance of $1,900,000 and a price per rentable square foot of $40.55, this asset provides an opportunity to improve cash flow and maximize returns. The property is strategically located near Interstate Highway 25, benefiting from proximity to new developments and increasing demand for boat and RV storage in the area. Additionally, the site includes retail, office, and residential space, further enhancing its income potential. The location also boasts a traffic count of 31,160, ensuring strong visibility and accessibility.
As one of the largest cities in New Mexico, Santa Fe continues to experience population growth and economic expansion, making High Country Storage an attractive investment for those looking to capitalize on a well-located storage facility with room for future development.