INVESTMENT HIGHLIGHTS

Well-positioned, stabilized property with flexibility for full-time, part-time or unmanned staffing
Strong tertiary market rental rates (average on-site NCC 10x10 market rates of $1.22/month)
Low maintenance property with minimal CapX
Good demographics with 12,900 population and $73,248 median household income within 3 miles
Attractive supply fundamentals, 6.5 SF per Capita within 3 miles

GENERAL DESCRIPTION

Advantage Storage – Lovington is a well-maintained self-storage facility located at 1015 S. 17th St., Lovington, New Mexico 88260, within Lea County. The property comprises 45,200 net rentable square feet across 267 total units, situated on a 3.83-acre lot. Developed in two phases (2016 and 2020), the facility features seven single-story buildings constructed with steel framing and metal exteriors for the storage units, and a concrete and brick exterior for the office.

The property offers a diverse unit mix of climate-controlled, non-climate-controlled, and parking spaces, catering to a range of storage needs. Security is enhanced with 24-hour video surveillance, wrought iron fencing, keypad access, and a gated entry. The site also benefits from asphalt parking surfaces and shingle and metal roofing.

Additionally, the facility is positioned with approximately 1 acre for expansion, allowing for potential future value enhancement.