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Self-Storage Facility

J & J Mini Storage

6917 Hwy 45 N, Columbus, MS 39705

Listing Price: $1,100,000

Cap Rate
6.59%
Occupancy
91.0%
Rentable SF
22,350
Price/Rentable SF
$49.22
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of J&J Mini Storage, a facility located at 6917 Hwy 45 North in Columbus, Mississippi. J&J Mini Storage sits on 1.85 acres and includes 26 non-climate controlled units with power and 110 non-climate controlled units for a total of 136 non-climate controlled units within 22,050 net rentable square feet. The facility is gated and has security cameras throughout. A manager’s office is also included onsite. J&J Mini Storage has rental rates that are below the market rates for Columbus, MS. The facility does not collect admin fees, tenant insurance or any “other income”. The facility is located directly off of Highway 45 which is a heavily travelled highway for the eastern portion of the state of Mississippi. Columbus Mississippi, the county seat of Lowndes County, sits on the eastern border of the state. With its many historical sites and museums and its world-class local arts and culture scene, Columbus is known as ‘The City That Has It All”. Columbus is also home to the Columbus Air Force Base. The 14th Flying Training Wing, a wind of the United States Air Force, is its host unit, which is part of Air Education and Training Command. World-class pilots are trained out of this base. Base operations and maintenance undergraduates are also trained out of this unit. As of 2020, the population of Columbus was 23,853. This opportunity is being offered at $1,100,000 which reflects $49.89 per square foot with a year three cap rate of 7.26%.

Investment Highlights

  • Highly Occupied facility with poor management
  • Below market rents
  • No Admin Fees, Tenant Insurance, etc.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Self-Storage Facility

J & J Mini Storage

Listing Price: $1,100,000

Cap Rate
6.59%
Occupancy
91.0%
Rentable SF
22,350
Price/Rentable SF
$49.22
Year Built
2002

Investment Highlights

  • Highly Occupied facility with poor management
  • Below market rents
  • No Admin Fees, Tenant Insurance, etc.

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of J&J Mini Storage, a facility located at 6917 Hwy 45 North in Columbus, Mississippi. J&J Mini Storage sits on 1.85 acres and includes 26 non-climate controlled units with power and 110 non-climate controlled units for a total of 136 non-climate controlled units within 22,050 net rentable square feet. The facility is gated and has security cameras throughout. A manager’s office is also included onsite. J&J Mini Storage has rental rates that are below the market rates for Columbus, MS. The facility does not collect admin fees, tenant insurance or any “other income”. The facility is located directly off of Highway 45 which is a heavily travelled highway for the eastern portion of the state of Mississippi. Columbus Mississippi, the county seat of Lowndes County, sits on the eastern border of the state. With its many historical sites and museums and its world-class local arts and culture scene, Columbus is known as ‘The City That Has It All”. Columbus is also home to the Columbus Air Force Base. The 14th Flying Training Wing, a wind of the United States Air Force, is its host unit, which is part of Air Education and Training Command. World-class pilots are trained out of this base. Base operations and maintenance undergraduates are also trained out of this unit. As of 2020, the population of Columbus was 23,853. This opportunity is being offered at $1,100,000 which reflects $49.89 per square foot with a year three cap rate of 7.26%.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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