Listed by SVN | Wilson Commercial Group, LLC, SVN Toomey Property Advisors, SVN Southland Commercial
$700,000
Ez Lock Storage
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 21,115
Units 130
Cap Rate 6.56%
NOI $45,901
Pro-Forma Cap Rate 15%
Pro-Forma NOI $105,000
Price per SqFt $33
Year Built 1974
Acreage 2.460
Industrial | 6.56% CAP | 21,115 SqFt
Marketing description
SVN is pleased to present EZ Lock Storage in Hattiesburg, Mississippi with an MSA of over 85,000. EZ Lock is a 21,115 SF facility that includes 130 storage units on 2.46 acres with New Roofs, New Paint and a large onsite management office! Ideally located within walking distance of William Carey University, Pearl Community College, the local Middle School, and multiple apartment complexes just off of Route 49 at the intersection of Edwards and Barkley St. Enhanced by StorEdge and local management, this property is an excellent choice for investors looking to secure a value-add asset with major upside.
Hattiesburg, Mississippi, fondly known as the "Hub City," is a vibrant and rapidly growing community with a population surpassing 85,000 within the Hattiesburg MSA. This dynamic city serves as an economic and cultural hub for southern Mississippi, bolstered by its strategic location at the intersection of major highways. Hattiesburg's economy is diverse and robust, driven by sectors such as education, healthcare, and retail. Notably, the city is home to the University of Southern Mississippi, contributing to an educated workforce and innovation. Job growth in Hattiesburg has been consistently strong, with employment opportunities increasing by approximately 2-3% annually, supported by a low unemployment rate that reflects the city's resilient economy. The area's business-friendly environment, combined with a steady influx of new residents and businesses, makes Hattiesburg an ideal market for investment, promising sustained growth and long-term potential.
Investment highlights
- Remote Management in Place
- MSA Population 85,000+
- Significant Cap Ex Improvements Completed
Listing Contacts
Listed by SVN | Wilson Commercial Group, LLC, SVN Toomey Property Advisors, SVN Southland Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,901.00
$3,825.08/mo
Valuation Metrics
0
DSCR
6.56%
Cap Rate
6.56%
ROI
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