EXTRA SPACE STORAGE VEGAS VERDE
Approved 12/7/2017
Self-Storage
LOCATION | START DATE | COMPLETION DATE | FUND EQUITY (MM) | TOTAL PROJECT COST (MM) | % COMPLETE |
|---|---|---|---|---|---|
Santa Fe, NM | Q1 2018 | Q1 2019 | $3.1 | $8.8 | 100 |
Extra Space Storage Vegas Verde is an 88,000 SF, 100% climate-controlled facility. The facility is located in Santa Fe’s retail epicenter near major retailers including Sam’s Club, Lowe’s Home Improvement, Regal Cinemas, Target, Best Buy, Sprouts, and the Santa Fe Place Mall.
The area is showing strong demand for climate-controlled self-storage with above average median household income and a large percentage of renters. Rental housing is strongly correlated with demand for self-storage unit leasing. This well-placed site will see approximately 80,000 vehicles per day. Recent projections indicate solid population and income growth in this area.
January 2018
February 2019
February 2019
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