Juan Tabo Self Storage, 1733 - 1735 Juan Tabo Blvd, Albuquerque, NM

$3,000,000
30,000
SqFt
List Price
$3,000,000
Status
Sold
Property Type
Commercial
Living Area
30,000
Lot Size
2.37 Acres

Property Description

A SUPER opportunity in NE Albuquerque NM. The Juan Tabo Self Storage facility consists of a total of 300 units, 42 units are temperature controlled, located on 2 major streets-Juan Tabo & Indian School on 2.37 commercial acres. This facility is in excellent condition and has a good cash flow (current 8.0% CAP) and has had a traditional 90% + occupancy rate. The Juan Tabo Self Storage facility also has a U-haul franchise associated with it and generates additional income to the operation. This operation comes turn-key and has a lot of upside for a new owner. Juan Tabo Self Storage is located in the northeast part of town on 2 of the busier city streets. There are several thousand apartments within a 5 mile radius. The predominant renter of a storage unit is also a renter in the area. The occupancy rate for the last 3 years runs between 92% and 94% . This facility has a large parking lot fronting Juan Tabo Blvd and is underused. The U-haul business operates in the parking lot as well as customer parking. There is adequate room for additional storage containers to be placed around the outside perimeter of the lot. One could place between 40 – 45 containers in this area creating an additional $3500 – $4500 per month additional income. The U-haul part of the operation can continue or be terminated by a new owner.

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