New Mexico Self Storage, which operates under the brand A-1 Self Storage in New Mexico, recently acquired another facility in Santa Fe.
The 80,000-square-foot facility on Rodeo Road will be the company’s fifth self-storage property in the Santa Fe market. New Mexico Self Storage also has facilities in Albuquerque, Rio Rancho and Tijeras.
The company funded the $2 million needed for the acquisition through St. Paul, Minn.-based Advantus Capital Management. Mike Kelly, president of Q10 Capital LLC, represented the self-storage operator and the finance company.
New Mexico Self Storage is currently converting its self-storage facilities to solar-generated electricity. The company is also expanding and updating its facilities.