Listed by LAH Commercial Real Estate Mountain Brook
$1,600,000
Outer Space Storage
Details
Property Type Self Storage
Cap Rate 9.17%
NOI $146,752
Occupancy 79%
Acreage 2.700
Investment Type Stabilized
Outer Space Self Storage For Sale
Marketing description
LAH Commercial Real Estate is pleased to present this 223 unit Self Storage Investment Property located in Attalla, AL.
Property breakdown consists of the following: 5x10: 56; 5x10: 20; 10x10: 26; 10x15: 49; 10x20: 74; 2 commercial buildings, both of which are currently leased up (Call Broker for additional details related to this).
Rents are well under market and property is priced to sell.
The property is currently at 80% occupancy, with the potential to increase rent thus creating a strong value-add opportunity.
Minimal CAPEX needed on the storage units themselves and the Commercial Spaces will require a nominal amount of CAPEX to get the vacant spaces to rentable condition.
Listing Contacts
Listed by LAH Commercial Real Estate Mountain Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,752.00
$12,229.33/mo
Valuation Metrics
0
DSCR
9.17%
Cap Rate
9.17%
ROI
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