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27736 W Frontage Rd - High Country Storage 6,120 SF Specialty Building Offered at $2,630,550 CAD at a 1.68% Cap Rate in Santa Fe, NM 87507
INVESTMENT HIGHLIGHTS
- Room for Expansion
- Proximity to Interstate 25
- Increasing Demand for Boat and RV Storage
- Adjacent to New Development
- One of The Largest Cities in New Mexico
- Value Add Opportunity.
EXECUTIVE SUMMARY
John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me".
High Country Storage is a value-add investment opportunity located in Santa Fe, NM, within the Santa Fe Metropolitan Statistical Area, which has a population of 155,956. The property is situated at 27736 W Frontage Rd, Santa Fe, NM 87507, offering 36,496 rentable square feet across 133 units and spaces, with a strong overall physical occupancy of 92%. The facility spans 3.77 acres, with 164,221 gross square feet and five buildings constructed of metal, wood, and concrete. Built in 1968, the property presents room for expansion and the potential for increased revenue through additional development.
With a pricing guidance of $1,900,000 and a price per rentable square foot of $40.55, this asset provides an opportunity to improve cash flow and maximize returns. The property is strategically located near Interstate Highway 25, benefiting from proximity to new developments and increasing demand for boat and RV storage in the area. Additionally, the site includes retail, office, and residential space, further enhancing its income potential. The location also boasts a traffic count of 31,160, ensuring strong visibility and accessibility.
As one of the largest cities in New Mexico, Santa Fe continues to experience population growth and economic expansion, making High Country Storage an attractive investment for those looking to capitalize on a well-located storage facility with room for future development.
High Country Storage is a value-add investment opportunity located in Santa Fe, NM, within the Santa Fe Metropolitan Statistical Area, which has a population of 155,956. The property is situated at 27736 W Frontage Rd, Santa Fe, NM 87507, offering 36,496 rentable square feet across 133 units and spaces, with a strong overall physical occupancy of 92%. The facility spans 3.77 acres, with 164,221 gross square feet and five buildings constructed of metal, wood, and concrete. Built in 1968, the property presents room for expansion and the potential for increased revenue through additional development.
With a pricing guidance of $1,900,000 and a price per rentable square foot of $40.55, this asset provides an opportunity to improve cash flow and maximize returns. The property is strategically located near Interstate Highway 25, benefiting from proximity to new developments and increasing demand for boat and RV storage in the area. Additionally, the site includes retail, office, and residential space, further enhancing its income potential. The location also boasts a traffic count of 31,160, ensuring strong visibility and accessibility.
As one of the largest cities in New Mexico, Santa Fe continues to experience population growth and economic expansion, making High Country Storage an attractive investment for those looking to capitalize on a well-located storage facility with room for future development.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Title and Insurance
- Miscellaneous
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$330,176
|
$53.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$330,176
|
$53.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$63,983
|
$10.45
|
| Net Operating Income |
$266,192
|
$43.50
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $330,176 |
| Annual Per SF | $53.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $330,176 |
| Annual Per SF | $53.95 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,983 |
| Annual Per SF | $10.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $266,192 |
| Annual Per SF | $43.50 |
PROPERTY FACTS
| Price | $2,630,550 CAD | Building Class | C |
| Price Per SF | $429.83 CAD | Lot Size | 3.77 AC |
| Sale Type | Investment | Building Size | 6,120 SF |
| Cap Rate | 1.68% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built | 1968 |
| Property Type | Specialty | Parking Ratio | 13.07/1,000 SF |
| Property Subtype | Contractor Storage Yard | Opportunity Zone |
Yes
|
| Price | $2,630,550 CAD |
| Price Per SF | $429.83 CAD |
| Sale Type | Investment |
| Cap Rate | 1.68% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Contractor Storage Yard |
| Building Class | C |
| Lot Size | 3.77 AC |
| Building Size | 6,120 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 13.07/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
- Bus Line
- Signage
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27736 W Frontage Rd - High Country Storage
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