SELF STORAGE BUILDING FOR SALE

5220 San Mateo Blvd, Albuquerque, NM 87109

  • For Sale $9,800,000
  • Property Type Industrial - Warehouse/Distribution
  • Date Updated Apr 24, 2024
The property at 5220 San Mateo Blvd NE in Albuquerque is located on a primary arterial through Albuquerque with signage on San Mateo Blvd and excellent visibility and access. RightSpace Storage is located in an area dominated by retail, restaurants, self-storage and the Del Norte High School. The property is offered free and clear of any debt allowing the investor/buyer to acquire the property utilizing their own preferred debt/equity deal structure.

Sale Note
Colliers’ de Jong | Becher team has been retained as the exclusive advisor by the ownership to offer for sale the property located at 5220 San Mateo Blvd NE in Albuquerque, New Mexico. The property is fully stabilized self-storage asset built in 1974/1975 with 53,201 net rentable square feet in 415 units. This 3rd party managed facility will be delivered on an as-is, where-is basis and has consistently maintained +/- 97% occupancy at a weighted average rental rate of $1.21 (storage). Market rents in the area are reported by Yardi Matrix as $1.78/SF, giving the buyer ample room to raise rents. In-place income for the first five months of 2022 were reported by the ownership at $169,221 for an annualized NOI estimate of $406,130 and the property is offered for sale at $9,800,000 or a 4.41% CAP rate on projected year one NOI of $432,006.

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Contacts

broker

Jacob Becher

broker

Tom de Jong

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable

  • Transit Score ®

    30/100 Some Transit

  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Albuquerque, NM
  • Neighborhood Del Norte
  • Zip Code 87109
  • Market Albuquerque

Points of Interest

  • Montaño

    2.71 miles

  • Los Ranchos/Journal Center

    3.06 miles

  • Subway

    4.10 miles

  • Sandia Pueblo

    4.88 miles

  • Albuquerque

    5.32 miles

  • Africa Train Station

    6.09 miles

  • Asia Train Station

    6.22 miles

  • Tingley Station

    6.33 miles

  • Aquarium/Garden Station

    6.37 miles

  • Bernalillo County/International Sunport

    8.67 miles

  • Speedway

    0.32 miles

  • Speedway

    0.44 miles

  • Circle K

    0.49 miles

  • Maverik

    0.54 miles

  • Chevron

    0.67 miles

  • Speedway

    0.73 miles

  • Phillips 66

    1.13 miles

  • Phillips 66

    1.18 miles

  • Valero

    1.21 miles

  • 7-Eleven

    1.40 miles

  • North Parking Lot

    1.66 miles

  • East Parking

    1.68 miles

  • ARC Parking

    1.70 miles

  • South Parking

    1.71 miles

  • RV Storage

    2.60 miles

  • Underground Parking Entry

    2.77 miles

  • Visitors Parking

    3.57 miles

  • President's Compound

    3.71 miles

  • UNMH Parking Garage

    4.10 miles

  • Lomas Parking Structure

    4.15 miles

  • Subway

    0.10 miles

  • Siam Café

    0.14 miles

  • Taco Bell

    0.16 miles

  • Sonic

    0.26 miles

  • Jersey Mike's Subs

    0.26 miles

  • Burger King

    0.28 miles

  • Sweet Tomatoes

    0.29 miles

  • Thai Vegan

    0.32 miles

  • Schlotzsky's

    0.34 miles

  • Arby's

    0.35 miles

  • Sprouts Farmers Market

    0.54 miles

  • Burlington

    0.55 miles

  • Ross

    0.65 miles

  • Albertsons

    0.79 miles

  • Smith's

    1.27 miles

  • TJ Maxx

    1.35 miles

  • Apna Bazaar

    1.38 miles

  • Whole Foods Market

    1.68 miles

  • Albertsons

    1.92 miles

  • Shamrock Foods Foodservice Warehouse

    1.93 miles

  • Lovelace Women's Hopsital

    0.71 miles

  • Presbyterian Medical Group Northside Urgent Care

    0.91 miles

  • Presbyterian Medical Group Northside Center

    1.04 miles

  • John Carrillo Memorial Substation

    1.81 miles

  • Walgreens

    1.97 miles

  • Walgreens

    2.10 miles

  • Walgreens

    2.13 miles

  • CVS Pharmacy

    2.21 miles

  • Modern Alchemist Compounding Pharmacy

    2.22 miles

  • Walgreens

    2.29 miles

Frequently Asked Questions

What is the lease rate for SELF STORAGE BUILDING FOR SALE?

Rental asking rate at SELF STORAGE BUILDING FOR SALE is $4,900,000.00/YR.

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