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High Country Storage: A Prime Value-Add Opportunity in Growing Santa Fe, NM
High Country Storage presents an excellent value-add investment in Santa Fe, New Mexico, located within the Santa Fe Metropolitan Statistical Area (population 155,956). Situated at 27736 W Frontage Rd, this property offers 36,496 rentable square feet across 203 units, with a robust 96% physical occupancy for its storage units.
Spanning 3.77 acres and totaling 164,221 gross square feet across five buildings (metal, wood, concrete), this 1968-built facility has significant room for expansion and increased revenue through additional development.
With a pricing guidance of $2,100,000 ($44.81 per rentable square foot), this asset provides a clear opportunity to improve cash flow and maximize returns. Its strategic location near Interstate Highway 25 benefits from proximity to new developments and growing demand for boat and RV storage. Importantly, the site also includes retail, office, and residential space, significantly enhancing its overall income potential and diversifying its revenue streams. High visibility and accessibility are assured by a strong traffic count of 31,160 vehicles per day.
As a major city experiencing continuous population and economic growth, Santa Fe makes High Country Storage an appealing investment for those looking to capitalize on a well-located facility with considerable potential for future development.