Listed by Matthews
$397,000
Chapel Self Storage
Details
Property Type Self Storage
Sub Type Storage
Net Rentable (SqFt) 17,900
Units 152
Occupancy 59%
Tenancy Single
Brand/Tenant Chapel Self Storage
Pro-Forma Cap Rate 7.97%
Pro-Forma NOI $31,633
Year Built 1992
Year Renovated 2023
Buildings 6
Stories 1
Acreage 1.000
Parking Spaces 0 spaces
Value-Add Self Storage Opportunity in Pine Bluff, AR
Investment highlights
- Opportunity To Increase Physical And Economic Occupancy – currently 61% physically occupied at only 57% economic occupancy
- Below Replacement Costs – being offered at $22.34 per NRSF
- Below Market Rents – rents are currently 22% below market on average
- Dense Surrounding Population – Over 42,000 people living in a 5-mile radius
- Completely Renovated – renovations started in 2023
- Secure Facility With 28 Cameras On Site
Listing Contacts
Listed by Matthews
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