El Campo Apartments & All Safe Self Storage

Highlights:

• 16 APARTMENT UNITS - Excellent mix of studios, 1-bedrooms, and 2-bedrooms with an on-site laundry facility.
• 118 NEWLY BUILT SELF-STORAGE UNITS - The newly constructed storage units offer a wide range of sizes to tailor to any clientele.
• RECENT CAPITAL IMPROVEMENTS - In addition to the newly built storage units, the property features fully remodeled apartments, newer roof, recently overlaid asphalt and upgraded cost effective landscaping.
• EXCELLENT VISIBILITY - The property features visibility and access along Central Ave (Historic Route 66) with High traffic counts in excess of 22,00 Vehicles Per Day along this major east-west arterial along with Prominent pylon signage for advertising on Central Ave.
• HUGE UPSIDE POTENTIAL - An experienced apartment/self-storage operator could realize the properties full upside through streamlined operation and by taking advantage of the high-demand submarket with low vacancy rates.
• DUAL INCOME STREAMS – The property generates revenue from both residential rentals and self-storage operations, providing diverse income sources and risk mitigation for investors.
• FLEXIBLE ZONING – Located within a permissive commercial corridor, the property’s zoning allows for a variety of potential future uses, including continued mixed-use operation, expanded storage, or additional residential development (buyer to verify).

Description:

Prime Net Lease is pleased to present El Campo Apartments & All Safe Self Storage, a stabilized mixed-use investment opportunity located at 5800 Central Ave SW in Albuquerque, New Mexico. Positioned along historic Route 66 in Albuquerque’s growing southwest submarket, the property offers excellent visibility, strong traffic counts, and convenient access to nearby retail, dining, and essential services. The surrounding residential density and continued growth across the Albuquerque MSA contribute to strong demand and long-term viability for both the multifamily and self-storage components.

The apartment portion consists of 16 fully renovated units, featuring a desirable mix of three studios, twelve one-bedroom units, and one two-bedroom unit. Interiors have been thoughtfully updated to attract and retain quality tenants while minimizing ongoing maintenance. The self-storage component includes a wide range of unit sizes, from 5x7 to 10x30, and is housed in newly rebuilt structures in like-new condition. The facility provides modern, clean, and secure storage with electronic gate access and improved site functionality.

Recent capital improvements across the property include a newer roof on the apartment buildings, fully rebuilt storage units, fresh asphalt overlay, updated exterior paint, improved landscaping, and upgraded apartment interiors. With strong in-place income, a strategic location along a major commercial corridor, and substantial property enhancements already completed, this offering represents a turn-key investment opportunity with long-term stability and attractive upside potential.

Albuquerque is New Mexico’s largest city and the economic engine of the state, offering a diverse blend of cultural heritage, modern infrastructure, and strategic positioning in the American Southwest. As of 2024, the Albuquerque Metropolitan Statistical Area (MSA) is home to over 915,000 residents, making it the 60th largest MSA in the country. Its central location along the Interstate 40 and Interstate 25 corridors provides exceptional regional connectivity and makes it a critical hub for commerce, logistics, and trade.

5800 Central Ave SW is located along Historic Route 66, known locally as Central Avenue—a key east-west commercial artery stretching through the heart of Albuquerque. This section of Central Avenue serves the West Mesa area and is a vital retail corridor that caters to a dense local population, daily commuters, and transient traffic. The property offers strong visibility and access from both Central Ave and 58th Street SW, with high daily traffic counts and a surrounding trade area that continues to support a broad mix of retail, service, and institutional uses.

Strong Economic Base and Growth Drivers
Albuquerque’s economy is anchored by government, defense, research, healthcare, education, and manufacturing. Major institutions include Kirtland Air Force Base, Sandia National Laboratories, and Los Alamos National Laboratory, which attract a highly educated workforce and foster innovation in aerospace, defense, and energy. Additionally, the University of New Mexico and Presbyterian Health Services are top employers, reinforcing the city's stability and contributing to its growing demand for services and retail.

The city has seen ongoing investment in infrastructure and urban development, including transit-oriented projects, affordable housing initiatives, and commercial revitalization. Albuquerque’s lower cost of living, combined with pro-business policies and ample land availability, continues to attract companies, investors, and developers alike.

Retail Corridor and Local Demographics
The surrounding trade area offers a healthy mix of national and regional retailers, including Walmart Supercenter, Family Dollar, AutoZone, O’Reilly Auto Parts, Walgreens, and Little Caesars, all within close proximity. These national brands are a strong testament to the retail viability of the corridor. The area is supported by a dense residential base, with over 120,000 residents living within a 5-mile radius and median household incomes continuing to grow year over year.

The West Central corridor has also been the focus of city-driven redevelopment efforts aimed at revitalizing underutilized parcels, supporting small businesses, and increasing economic activity. These initiatives include infrastructure improvements, façade upgrade programs, and incentives for new commercial tenants.

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