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3149 Nm-47
Los Lunas, NM 87031
Valencia Storage & MHP · Specialty Property For Sale
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25,973 SF
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1987 |
| Building Class | C | Tenancy | Single |
| Lot Size | 15.00 AC | Parking Ratio | 0.08/1,000 SF |
| Building Size | 25,973 SF | ||
| Zoning | C-2 - Commercial | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 15.00 AC |
| Building Size | 25,973 SF |
| No. Stories | 1 |
| Year Built | 1987 |
| Tenancy | Single |
| Parking Ratio | 0.08/1,000 SF |
| Zoning | C-2 - Commercial |
ABOUT 3149 NM-47 , LOS LUNAS, NM 87031
- Valencia Storage & MHP is comprised of 198 non-climate drive-up units, 2 parking spaces, and 17 mobile home pads. The target facility sits with excellent frontage and access off the highly trafficked Highway 47 and in close proximity to small rooftop residential. - Current ownership lives out-of-state and has a non-institutional approach to management. On average, current street rents and in-place tenant rents are 9% and 14% below the market, respectively. -55-Unit Boxwell Expansion 10/2022: Prior to expansion, the facility hovered around 95% occupancy. Lease-up has been slow due to mismanagement. The current owners have not properly marketed the facility, adjusted street/tenant rates appropriately, and have failed to drive inbound call volume. - Attractive Seller-Financing Option Available: Seller offering extremely high LTV (Minimum of $650k down) Up to 4 years interest only Below market interest rate
PROPERTY TAXES
| Parcel Number | 1-010-036-425-075-000000 | Improvements Assessment | $9,342 |
| Land Assessment | $35,284 | Total Assessment | $44,626 |
PROPERTY TAXES
