Bald Eagle Storage - Greenwood
Self Storage | 137 Units | $6,562/unit
Marketing description
Bald Eagle Storage is an existing self-storage facility located in Greenwood, Mississippi, serving local residential and commercial demand. The property offers a variety of unit sizes and benefits from its proximity to surrounding neighborhoods and established traffic corridors. There is also a Billboard Lease on property that is currently leased for $1,000 per year. The population within a 5-mile radius exceeds 19,000 residents, with self-storage supply measuring just over 3 square feet per capita, rejecting a balanced level of market coverage. In addition, the facility is located within an opportunity zone.
Greenwood is the county seat of Leflore County, providing a stable base of government, service, and employment activity within the region. The property includes room for expansion, allowing a future owner to evaluate additional unit development or site enhancements over time, subject to market conditions and local approvals. Overall, Bald Eagle Storage presents a straightforward self-storage asset in a county-seat market with existing demand and measured potential for long-term operational growth.
Jason Green
Broker of Record
Lic #: MS License #23779
Investment highlights
15,728 NRSF Drive-Up Storage Across 130 Units
Under 3 Sqft/Capita in 5 Mile Radius and Over 19,000 People in a 5 Mile Radius
92% Unit Occupancy with 68% Economic Occupancy
$899,000 Purchase Price | Projected Year 1 NOI of $81,256 (9.00% Cap Rate)
6.76-Acre Parcel with Room to add storage, contractor garages, |ex space, storage yards, or larger parking spaces
Concrete and Steel Construction with Full Fencing, Gate, and Surveillance
Located in an Opportunity Zone
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