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Self-Storage Facility

Dependable Storage - Gulfport

1111 Ford St, Gulfport, MS 39507

Listing Price: $10,500,000

Cap Rate
5.29%
Number of Units
652
Occupancy
98.0%
Rentable SF
71,810
Price/Rentable SF
$146.22
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to offer for sale Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 146,553 net rentable square-feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance. Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day. Dependable Storage Two Property Portfolio is being offered for $23.5 million or $160.35 per rentable square-foot.

Investment Highlights

  • Two Property Portfolio in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 146,553 Net Rentable Square-Feet | Combined 1,275 Total Units
  • Climate-Controlled and Non-Climate-Controlled Units
  • 40 Parking Spaces at LaPlace Location
  • Physical Occupancies: LaPlace: 97.61 Percent | Gulfport: 97.70 Percent

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Self-Storage Facility

Dependable Storage - Gulfport

Listing Price: $10,500,000

Cap Rate
5.29%
Number of Units
652
Occupancy
98.0%
Rentable SF
71,810
Price/Rentable SF
$146.22
Year Built
2008

Investment Highlights

  • Two Property Portfolio in LaPlace, Louisiana and Gulfport, Mississippi
  • Combined 146,553 Net Rentable Square-Feet | Combined 1,275 Total Units
  • Climate-Controlled and Non-Climate-Controlled Units
  • 40 Parking Spaces at LaPlace Location
  • Physical Occupancies: LaPlace: 97.61 Percent | Gulfport: 97.70 Percent

Investment Overview

Marcus & Millichap is pleased to offer for sale Dependable Storage Two Property Portfolio. The portfolio consists of two properties located in LaPlace, Louisiana and Gulfport, Mississippi. The portfolio has a combined total of 1,275 units and 146,553 net rentable square-feet. Both locations feature multi-story buildings and are fully secured with gated, keypad entry, on-site management offices, and 24-hour video surveillance. Both facilities are located in extremely busy areas and benefit from excellent street frontage and visibility. They are both surrounded by lots of restaurant chains, retail stores, residential neighborhoods, churches, hospitals, and much more. This provides the facilities with high daily traffic counts ranging from 35,700-43,800 cars per day. Dependable Storage Two Property Portfolio is being offered for $23.5 million or $160.35 per rentable square-foot.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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