Southside Storage

325 W. 18th Street Portales, NM 88130

325 W. 18th Street, Portales, NM, 88130
325 W. 18th Street, Portales, NM, 88130 325 W. 18th Street, Portales, NM, 88130 325 W. 18th Street, Portales, NM, 88130 325 W. 18th Street, Portales, NM, 88130 325 W. 18th Street, Portales, NM, 88130 325 W. 18th Street, Portales, NM, 88130
FOR SALE Incentives
Property Type:
Self Storage
Amount:
$5,500,000
Last Verified:
Oct 20, 2017

Highlights

  • Class A facility
  • 92.1% (Economic Occupancy) After Expansion In 2015
  • Concrete Driveways
  • Enclosed RV/Boat Storage

Description

Southside Storage is the a 789 unit facility located in Portales, New Mexico. The business has stabilized with 92.1% economic occupancy this after a planned expansion in 2015. Southside Storage has grown over the years with successive expansions is now the leader in the market for secure and climate control storage. This property is situated on a total of 10 commercial zoned acres so there is additional land for growth.

Southside Storage is located in the southeastern New Mexico city of Portales. Portales is the other city in the Clovis-Portales MSA with a population of 70,000. Southside Storage is located on the south part of town


Year Built: 2004
Building Size: 129880.0sq ft
Lot Size: 10.0 acres

Map of 325 W. 18th Street, Portales, NM, 88130

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.