Fred B. Gibson, Realtor

Property Profile

River's Edge Mini Storage

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Location:

Rio Rancho, New Mexico

Rentable Square Feet:

41,550 sq. ft. (approx.)

Total Square Feet:

42,800 sq. ft. (approx.)

Total Land Area:

95,417 sq. ft. or 2.9 acres (approx.)

Land for Expansion:

None

Zoning:

Commercial, M-1 (City of Rio Rancho)

Total Units:

285 Storage
12 RV Parking Spaces

Occupancy:

89.5% - Economic
87.2% - Unit
88.6% - Sq. Ft.

Year of Opening:

1992

Number of Buildings:

10

Exterior Construction:

Block/steel/wood

Foundation:

Concrete slab

Roof:

Steel

Fencing:

9' Block wall - sides and rear
Chain link - front

Gate:

Electronic rolling gate with keypad

Doors:

Steel roll up - Atlas Roll Rite (Phase I)
DBCI (Phase II & III)

Paving:

Asphalt

Accounting System:

SiteLink

Surveillance:

None

Traffic Exposure:

Located in industrial park, 2 blocks east of Highway 528, across from AMREP headquargers

Office:

Approx. 400 sq. ft.

Hours of Operation:

8:00 am - 2:00 pm
3:00 am - 4:00 pm
Monday thru Saturday

Price:

$1,700,000

Net Operating Income:

$166,112

Proposed Cap Rate:

9.8%

Comments:

Great facility located on one of America's fastest growing small cities. Rio Rancho is home to Intel's largest microchip plant. Project displays good design and quality construction. A pride-of-ownership property. Solid track record for growth and occupancy

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All Contents Copyright ©2002 Fred B. Gibson, Realtor®