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Self-Storage Facility

Storage Partner #8

5070 Meridian St N, Huntsville, AL 35810

Listing Price: $2,100,000

Cap Rate
4.44%
Number of Units
223
Occupancy
62.0%
Rentable SF
23,225
Price/Rentable SF
$90.42
Year Built
2017

Investment Overview

Marcus and Millichap is pleased to present a strong value add self-storage facility in Huntsville, Alabama. The property has approximately 6,000 SF of climate controlled units, 17,300 sq ft of non climate controlled units, and 60 surface parking places. The facility has approximately 2 acres of expansion room within the existing fence line and an additional 5 +/- acres of wooded expansion land directly behind the facility.

Huntsville is one of the fastest growing markets in the Southeast. It is home to the US Army's Redstone Arsenal housing a 4 star general employing 38,000 people. NASA's marshall Space Flight Center, the United States Army Aviation and Missle Command, and the FBI's operation support headquarters. Some of the major employers are the Toyota/Mazda plant, Huntsville Hospital, The Boeing Company, Polaris, Lockheed Martin, AT&T, Kohler and Aerojet Rocketdyne to name a few.

Investment Highlights

  • Room to expand
  • 9.9 +/- Acres
  • Upside via Lease - Up

Exclusively Listed By

Self-Storage Facility

Storage Partner #8

Listing Price: $2,100,000

Cap Rate
4.44%
Number of Units
223
Occupancy
62.0%
Rentable SF
23,225
Price/Rentable SF
$90.42
Year Built
2017

Investment Highlights

  • Room to expand
  • 9.9 +/- Acres
  • Upside via Lease - Up

Investment Overview

Marcus and Millichap is pleased to present a strong value add self-storage facility in Huntsville, Alabama. The property has approximately 6,000 SF of climate controlled units, 17,300 sq ft of non climate controlled units, and 60 surface parking places. The facility has approximately 2 acres of expansion room within the existing fence line and an additional 5 +/- acres of wooded expansion land directly behind the facility. Huntsville is one of the fastest growing markets in the Southeast. It is home to the US Army's Redstone Arsenal housing a 4 star general employing 38,000 people. NASA's marshall Space Flight Center, the United States Army Aviation and Missle Command, and the FBI's operation support headquarters. Some of the major employers are the Toyota/Mazda plant, Huntsville Hospital, The Boeing Company, Polaris, Lockheed Martin, AT&T, Kohler and Aerojet Rocketdyne to name a few.

Exclusively Listed By

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