|
|
Rentable Square Feet: |
14,400 (approx.) |
|
Total Square Feet: |
15,900 (approx.) |
|
Total Land Area: |
97,836 (approx.) sq. ft. OR 2.246 acres (approx.) |
|
Land for Expansion: |
Yes |
|
Zoning: |
Commercial |
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Total Units: |
107; 134 if maximum configuration |
|
Occupancy: |
82% - economic; 90% - unit; 96% - sq.ft. |
|
Year of Facility Opening: |
1993 |
|
Number of Buildings: |
3 |
|
Exterior Construction: |
Steel (Alliance) |
|
Interior Construction: |
Steel |
|
Foundation: |
Concrete slab |
|
Roof: |
Steel |
|
Doors: |
Steel roll up (Roll-Rite Industries) |
|
Paving: |
Gravel |
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Accounting System: |
None |
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Fencing: |
5 strand barbed wire |
|
Gate: |
Chain |
|
Traffic Exposure: |
Located on Airport Road just off Hwy. 70 which is route to Holloman
Air Force Base |
|
Manager's Quarters: |
Approx. 1,500 sq.ft. featuring 2 bedrooms, 2 baths, office, living
room w/fireplace, dining room, 2-car garage, 2-car carport, fenced yard |
|
Office: |
Operated from Manager's Quarters |
|
Hours of Operation: |
Summer and Winter, manager unlocks chain gate early morning until dark |
|
Price: |
$328,900 |
|
Net Operating Income: |
$35,393 |
|
Proposed Cap Rate: |
10.76% |
|
Comments: |
Great facility; only 9 years old in like-new condition; considerable
upside potential. Located across street from 2 newer housing and
manufactured home subdivisions. Room to add additional units or offer
storage for RV's/boats/vehicles. Additional vacant land in front
could be developed for an RV park. Owner indicates a strong demand
for spaces that would accommodate visitors to friends and families
stationed at nearby Holloman AFT. Holloman is the national home base
for the Stealth Bomber aircraft and supports approx. 4,000 military
personnel. Holloman recently became home to a training division of
the German Air Force that represents approx. 700 military personnel
and 1,000 dependents. |
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