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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.

February 2019
February 2019

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February 2019
February 2019

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January 2018
January 2018

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February 2019
February 2019

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