Listed by Superior Capital Advisors
$850,000
Best Southern Storage
Details
Property Type Self Storage
Sub Type Self Storage Facility
Net Rentable (SqFt) 17,950
Units 185
Cap Rate 7.85%
NOI $66,744
Occupancy 72.96%
Pro-Forma Cap Rate 11.86%
Pro-Forma NOI $100,803
Buildings 9
Acreage 2.640
Investment Type Value Add
Ownership Fee Simple
Self Storage | 185 Units | $4,595/unit
Investment highlights
• 185 Non Climate Controlled Units / 17,950 NRSF / 1 Onsite Office
• Fenced and Gated with coded Entry and Exit Security Cameras and Video Surveillance
• 76% Physical Occupancy / 70% Economic Occupancy on a T-12
7.85% Cap Rate on current / Ability to Achieve a Year 3 Cap Rate of 11.86% and a Cash on Cash Return of 20.62%
•Opportunity to increase revenue through lease-up, rental rate adjustments, and potential future expansion or outdoor parking storage on excess land.
• Located in a storage market with limited competition
Listing Contacts
Listed by Superior Capital Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$66,744.00
$5,562.00/mo
Valuation Metrics
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DSCR
7.85%
Cap Rate
7.85%
ROI
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