Climate-Controlled Self Storage
New
For Sale
$5,180,000
1015 S 17th St, Lovington, NM 88260
Multi-building storage property with drive-up access, leasing office, and an on-site manager’s residence.
Property Size45,200 SF
Price / SF$114.60
Days on Market4
Property Features for 1015 S 17th St
General Information
Standard status
Active
Size
45,200 SF
Class
Class A
Property subtype
Self-Storage Facility
Occupancy
90%
Financials
Asking Price
$5,180,000
Cap Rate
6.79%
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Self-Storage Units
263
Amenities
leasing office
manager's residence
24/7 video surveillance
Stabilized Income Stream Generating 6.79% Unlevered Yield During Year 1
47 Newly Delivered Uncovered Parking Spaces – Opening Aug. 2026
Weighted Drive-Up Rates Apx. 8% Below Market Average
Only 6.29 RSF / Capita within 5-Mile Radius
Only "Class A" Facility in Lovington Market
Building Details
Building Size
45,200 SF
Year Built
2016
Buildings
7
Stories
1
Units
314
Construction
metal
Listing Agency:
Marcus & Millichap - Fort Worth
(817) 932-6163
Listed By:
Brandon Karr · License #License(s): TX: 0545057, TX: 9005958
(817) 932-6163
Source:
Marcusmillichap
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Fort Worth
Investment Insights
Based on property information with market context.
This self-storage property in Lovington, New Mexico, contains 45,200 rentable square feet across seven single-story metal buildings. The unit mix includes 59 climate-controlled units and 204 drive-up units, supported by standing-seam roofing, roll-up garage doors, and brick and stucco exterior accents. Improvements also include a formal leasing office, manager’s residence, concrete drive aisles, wrought-iron perimeter fencing, and 24/7 video surveillance.
The facility occupies one parcel at 1015 S 17th St and reports 81 percent economic occupancy. An asphalt expansion adds 47 uncovered parking spaces scheduled to begin leasing in mid-August 2026. Lovington is less than 25 miles from the Texas border and approximately an hour and a half from Midland/Odessa and Lubbock.
The facility occupies one parcel at 1015 S 17th St and reports 81 percent economic occupancy. An asphalt expansion adds 47 uncovered parking spaces scheduled to begin leasing in mid-August 2026. Lovington is less than 25 miles from the Texas border and approximately an hour and a half from Midland/Odessa and Lubbock.
Key Highlights
- 45,200 rentable square feet of self‑storage space
- 59 climate‑controlled units and 204 drive‑up units
- Seven single‑story metal buildings on one parcel
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 88260, NM
15,569
Population
5,474
Households
2.8
Avg Household Size
33
Median Age
15%
College-Educated
75%
High-School Grad
814.9 sq mi
ZIP Area
19
Density / Sq Mi
$75,197
Median Household Income
$40,356
Median Earnings
$1,081
Median Rent
$174,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Multi-building storage property with drive-up access, leasing office, and an on-site manager’s residence.
Where is this self storage facility located?
The property is located at 1015 S 17th St Lovington, NM.
What is the asking price?
The asking price for this property is $5,180,000.
What are key features of this property?
This property features: 45,200 rentable square feet of self‑storage space; 59 climate‑controlled units and 204 drive‑up units; Seven single‑story metal buildings on one parcel
