Listed by Marcus & Millichap - Columbus
$1,500,000
Maxi-Store Self Storage
Details
Property Type Self Storage
Sub Type Self Storage Facility
Net Rentable (SqFt) 22,724
Units 208
Cap Rate 8.35%
NOI $125,254
Occupancy 73%
Pro-Forma Cap Rate 13.24%
Pro-Forma NOI $100
Price per SqFt $66
Year Built 1988
Acreage 2.600
Self Storage | 208 Units | $7,212/unit
Marketing description
Marcus & Millichap is pleased to present for sale Maxi-Store Self Storage located in Anniston, Alabama. This facility features 71 climate controlled units, 130 non-climate-controlled units, and seven outdoor parking spaces totaling 22,724 net rentable square feet. There is room for future expansion at the site as well.
Investment highlights
- Eastern Alabama Self Storage Offering with Upside
- Located in the Town of Anniston, Alabama | About 60 Miles East of Birmingham, Alabama and 80 Miles West of Atlanta, Georgia
- 22,724 Net Rentable Square Feet
- 71 Climate Controlled Units | 130 Non-Climate Controlled Units | Seven Outdoor Parking Spaces
- Room for Future Expansion Opportunities
- Excellent Visibility Along US Highway 78 East (AL-4)
- Affluent Market: Average Household Income of $100,527 of People Living Within a One-Mile Radius
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,254.00
$10,437.83/mo
Valuation Metrics
0
DSCR
8.35%
Cap Rate
8.35%
ROI
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