Creative Financing

Magdalena Storage

Magdalena, NM

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Executive Summary

Summary

  • Cash Price $650,000
  • Cap Rate 9.36%
  • Enclosed Square Feet 15,542
  • Price Per Square Foot $41.82
  • Year Built 2003
  • Acreage 4
  • Occupancy 90%
  • Number of Units 137
  • 2023 Revenue $88,711
  • 2024 YTD $57,843 (8/2/2024)

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".

The Calvary Realty National Storage Group is pleased to present this "Creative Financing" opportunity in Magdalena, New Mexico. The site consists of 15,542 enclosed square feet divided into 136 units. The property is 95% occupied and sits on 4 acres of land.

This single storage facility was built in 2003 out of steel and metal and is the only option for storage within a 25 mile radius. Owner is willing to structure a deal with creative financing options such as seller carry or lease option.

Seller is local and willing to manage property for new ownership.

Team

Milburn Stevens

Milburn Stevens

Investment Advisor
Calvary Realty
CA License #01265031
(760) 641-0511
Brandon Robinson

Brandon Robinson

Director of National Investments
Calvary Realty
CA License# 01787727
(909) 380-0073
Ingla Robinson

Ingla Robinson

VP of Operations
Calvary Realty
CA License# 02099837
(909) 380-0073
Wynnfort Myles

Wynnfort Myles

Broker of Record
The Virtual Realty Group
LA# 912122765
949-302-8100