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Albuquerque

Albuquerque, NM

Located in Albuquerque, New Mexico, this facility is expected to out position all other facilites in the affluent Northeastern quadrant of the city. The Extra Space managed facility enjoys an ideal location at the intersection of Paseo del Norte and Ventura St, a highly trafficked area that also houses popular retail establishments like Albertsons, Trader Joe's, and Walgreens. Over the past decade, the Paseo del Norte corridor has experienced significant growth, with the construction of single-family homes, apartment complexes, and senior living communities. However, there has been no new self storage facility delivered since 2015. In this context, DXD's Extra Space Storage facility, containing 96,153 square feet, will stand out in the local market.

Fund
Fund II
Status
Under Construction
Gross Square Footage
96,153 gross sq ft
Target Gross Levered 4 Year IRR
18.96%
Investment Type
Closed Investment
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