Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Jen’s Indoor Self-Storage located in Albuquerque, NM. This facility is located in the thriving 4th and Menaul Marketplace Shopping Center and consists of 230 climate-controlled units totaling 18,810 net rentable square feet. This is a stabilized cash flowing facility that is currently 94 percent physically occupied. The property is fully secured with a keypad entrance, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from an extremely dense surrounding population of 256,169 people within 5-miles. Since it is located in the 4th and Menaul Marketplace Shopping Center, this facility benefits from high visibility and excellent foot traffic. The property is a leasehold interest located within 4th and Menaul Marketplace Shopping Center. The current ownership group developed the property within the shopping center in 2018 and the second phase in 2020. The ownership group owned Menaul Marketplace Shopping Center in it's etirety, but sold it in 2022 and retained the leasehold interest on Jen's Self Storage. The self storage has a 40 year lease term in place with 5 year renewals and lease escalations. The current lease was signed in 2022 and is scheduled to renew in 2026. The lease escalations are included in the 10-year projections, and the lease is located in the deal room files for buyer review.