Investment Overview

Marcus and Millichap is pleased to announce the exclusive offering of Sims Self Storage located at 3451 US 49, Florence, MS 39073. Sims Self Storage consists of 103 existing non-climate-controlled units currently operating at 87% occupancy, with 5 open parking spaces already onsite, and a 111 Climate-Controlled unit expansion set to open in July of 2023 making the NRSF 31,150. The facility will be concrete around the new portion and the existing buildings will operate as they are now. The property sits on 2.2 acres, is fully fenced and gated with access controlled gates and does have security cameras. Florence, Mississippi is a suburb of Jackson, Mississippi and located in Rankin County, the fourth most populous county in the state of Mississippi with a population of 153,902. Thirty of the top one hundred largest companies in the state of Mississippi are located either in Rankin County or in bordering counties. One of the most heavily traveled corridors in Mississippi, US highway 49 in Rankin County, is receiving new pavement, two new bridges and two new lanes from the Department of Transportation. About 54,000 vehicles travel on the road daily, as it carries the traffic from Jackson to Hattiesburg and down to the Coast of Mississippi. The $253 million dollar project to rehab the eight-mile stretch began work in November 2017, with completion set for summer 2022 completion. Sims Self Storage is being offered at $3 million.