Pinnacle Storage Properties Proudly Announces the Acquisition of Six Southeastern New Mexico Storage Facilities
Houston, TX – March 28, 2022 – Pinnacle Storage Properties, based in Katy, Texas, proudly announces the acquisition of six self-storage properties in southeastern New Mexico. These properties are located in the business-friendly cities of Carlsbad, Artesia, and Eunice.
These properties, formerly VIP Self Storage of Carlsbad, are located at 4615 National Park Hwy in Carlsbad; 1401 Avenue O and 13th and Avenue G in Eunice; and 607 W. Texas St, 706 Chisom St, and 1010 Roselawn St in Artesia. This acquisition contains 104,675 net rentable sq. ft., with a total of 801 units and 3 rental homes. Currently, there are 157 interior dust-free units, 513 drive-up non-climate units, 97 outside parking spaces, and 34 RV parking spaces. The facilities sit on 9,934 total acres.
“All of these properties contain additional land for expansion, and we are planning upgrades that include office renovations as well as installation of MASS units,” commented John Manes, Pinnacle Storage Properties Partner and CEO. “We look forward to serving the people of these historically rich locations while building relationships with other small businesses in the area.”
Cassie Dodgen, President of Pinnacle Storage Managers, notes, “We are thrilled to expand our footprint in New Mexico with the addition of these facilities, and we’ll continue to offer our customers the outstanding customer service that has always been the hallmark of Pinnacle Storage Properties.”
Pinnacle Storage Properties is a privately held, national real estate owner-operator focused on the acquisition, development, and management of self-storage assets. Their investment strategy is to purchase under-managed, under-enhanced, and under-developed assets in suburban and secondary markets. They take a grassroots, off-market approach in selecting the best deals that deliver stable cash flow and long-term appreciation opportunities. With nearly 25 years of combined self-storage experience, they have established an industry-wide reputation for superior performance derived from core values; honesty, integrity, and respect. For more information about Pinnacle Storage Properties, visit https://www.pinnaclestorageproperties.com/
Pinnacle Storage Properties
Tel: (979) 922-9229