Fred B. Gibson, Realtor

Property Profile

Four Hills Self Storage

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Location:

201 Dorado Place SE and 12500 Central Avenue SE, Albuquerque, NM

Rentable Square Feet:

57,740 sq. ft. (approx.)

Total Square Feet:

59,478 sq. ft. (approx.)

Total Land Area:

168,089 sq. ft. or 3.86 acres (approx.)

Land for Expansion:

None

Zoning:

C-2 (City of Albuquerque)

Total Units:

431 Storage

Occupancy:

69% - Economic
73% - Unit
76% - Sq. Ft.

Age:

30+ Years

Number of Buildings:

15

Exterior Construction:

Concrete Block

Interior Construction:

Wood Studs/Sheetrock

Foundation:

Concrete slab

Roofs:

Steel and built up (Majority of roofs replaced withing past 2 years

Fencing:

Chain link

Gate:

Electronic gate access at main facility; Chain link swing gates at auxiliary and Central

Doors:

Steel

Paving:

Asphalt

Accounting System:

None

Surveillance:

None

Traffic Exposure:

Very good. Main facility (Dorado) 1/2 block off Central with visibility from Central. Central location has good frontage and good signage.

Manager's Apartment:

Dorado: 861 sq. ft. (approx.)
Central: 877 sq. ft. (approx.)

Office:

Approx. 200 sq. ft.

Hours of Operation:

Office - 8:00 am - 5:00 pm - (Mon-Fri)
8:00 am - 4:00 pm - (Sat)
8:00 am - 12:00 pm (Sun)
Gate Access - 7:00 am to 7:00 pm, daily

Price:

$1,583,000

Net Operating Income:

$142,021

Proposed Cap Rate:

9%

Comments:

Large facility with good upside potential. Facility is in need of some refurbishing (i.e. painting, repair/replacement of doors, pavement rehab.) Monthly rents are lowest among competition in area. Surrounded by apartments, existing Four Hills subdivision and a large new residential subdivision to the south.

Property Photos

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