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Self-Storage Facility

Generations Self Storage Portfolio - Mississippi

15213 MS-63, Moss Point, MS 39562

Listing Price: Request For Offer

Number of Units
763
Occupancy
44.0%
Rentable SF
93,321
Year Built
2022

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of Generations Self Storage, a 4-property portfolio located in Southeast Mississippi. The Generations Self Storage Portfolio boasts a combined 448 Climate-Controlled Units, 315 Non-Climate-Controlled Units for a total of 763 units within 91,921 net rentable square feet across its 4 facilities in Lucedale, Moss Point, Vancleave and Hurley, Mississippi. All 4 state-of-the-art facilities offer brand new 24-hour digital video surveillance that can be monitored remotely as well as coded gate entry. Generations Self Storage Lucedale is located at 15213 MS-613 in Lucedale, Mississippi. This location houses 118 Climate-Controlled Units, 86 Non-Climate-Controlled Units for a total of 204 units within 24,250 net rentable square feet. Lucedale has continuously grown annually largely due to the convenience of Highway 98, while retaining its small-town charm. Highway 98 runs from Western Mississippi to Southern Florida and cutting through Lucedale and leading right into Mobile, about 40 miles away. Draws of the city that make it an ideal place to live or retire include moderate climate, low taxes, affordable cost of living and exemplary health care facilities. Generations Self Storage Moss Point is located at 10401 MS-63 in Moss Point, Mississippi. This well-lit, fenced and gated facility offers 20,570 rentable square feet encompassing a total of 151 units: 56 Non-Climate-Controlled and 95 Climate-Controlled. Moss Point is home to the Trent Lott International Airport and is bordered by the coastal city of Pascagoula. Beautiful beaches can be accessed within a 30-minute drive. Also in Moss Point, in the unincorporated community of Hurley, is Generations Self Storage Hurley. Located at 21025 MS-63 Moss Point, Mississippi, this gated facility consists of 78 Climate-Controlled Units, 86 Non-Climate-Controlled Units for a total of 164 units within 18,200 net rentable square feet. Voted one of the “Best Places to Visit” in 2022 by Trip Advisor based on its numerous parks and farms and great food, Hurley enjoys one of the highest median household incomes in the entire state. Generations Self Storage Vancleave is located at 11704 MS-57 in Vancleave, Mississippi and is the largest of the 4 facilities with 157 Climate-Controlled Units, 87 Non-Climate-Controlled Units for a total of 244 units within 28,901 rentable square feet. This fully gated and fenced property is strategically located off of Highway 57 which runs north and south through Vancleave from Hattiesburg, MS to Ocean Springs, MS where it runs into Highway 90. Vancleave lies within 20 miles of both Pascagoula and Biloxi. In 2007, members of the Jackson County Board of Supervisors predicted much growth in the Vancleave region in the next ten to fifteen years. Fueling this development will be the Vancleave bypass. This 4-lane artery will strike north from U.S. Interstate 10 and when finished, this thoroughfare will open areas north and south of Vancleave for housing developments. Some of these potential subdivision projects could be as large as 2,800 homes. This opportunity is being offered at $127 per square foot for a primarily new construction 4-property portfolio all within driving distance. This opportunity gives an investor the ability to enjoy a quick lease up while pushing rental rates in-between.

Investment Highlights

  • All Locations Fully Fenced and Gated With Remote Video Surveillance
  • New Construction Lease-Up Opportunity With Ample Room to Expand
  • $127 Per NRSF / Farthest Distance Between Facilities Just 48 Minutes

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Self-Storage Facility

Generations Self Storage Portfolio - Mississippi

Listing Price: Request For Offer

Number of Units
763
Occupancy
44.0%
Rentable SF
93,321
Year Built
2022

Investment Highlights

  • All Locations Fully Fenced and Gated With Remote Video Surveillance
  • New Construction Lease-Up Opportunity With Ample Room to Expand
  • $127 Per NRSF / Farthest Distance Between Facilities Just 48 Minutes

Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of Generations Self Storage, a 4-property portfolio located in Southeast Mississippi. The Generations Self Storage Portfolio boasts a combined 448 Climate-Controlled Units, 315 Non-Climate-Controlled Units for a total of 763 units within 91,921 net rentable square feet across its 4 facilities in Lucedale, Moss Point, Vancleave and Hurley, Mississippi. All 4 state-of-the-art facilities offer brand new 24-hour digital video surveillance that can be monitored remotely as well as coded gate entry. Generations Self Storage Lucedale is located at 15213 MS-613 in Lucedale, Mississippi. This location houses 118 Climate-Controlled Units, 86 Non-Climate-Controlled Units for a total of 204 units within 24,250 net rentable square feet. Lucedale has continuously grown annually largely due to the convenience of Highway 98, while retaining its small-town charm. Highway 98 runs from Western Mississippi to Southern Florida and cutting through Lucedale and leading right into Mobile, about 40 miles away. Draws of the city that make it an ideal place to live or retire include moderate climate, low taxes, affordable cost of living and exemplary health care facilities. Generations Self Storage Moss Point is located at 10401 MS-63 in Moss Point, Mississippi. This well-lit, fenced and gated facility offers 20,570 rentable square feet encompassing a total of 151 units: 56 Non-Climate-Controlled and 95 Climate-Controlled. Moss Point is home to the Trent Lott International Airport and is bordered by the coastal city of Pascagoula. Beautiful beaches can be accessed within a 30-minute drive. Also in Moss Point, in the unincorporated community of Hurley, is Generations Self Storage Hurley. Located at 21025 MS-63 Moss Point, Mississippi, this gated facility consists of 78 Climate-Controlled Units, 86 Non-Climate-Controlled Units for a total of 164 units within 18,200 net rentable square feet. Voted one of the “Best Places to Visit” in 2022 by Trip Advisor based on its numerous parks and farms and great food, Hurley enjoys one of the highest median household incomes in the entire state. Generations Self Storage Vancleave is located at 11704 MS-57 in Vancleave, Mississippi and is the largest of the 4 facilities with 157 Climate-Controlled Units, 87 Non-Climate-Controlled Units for a total of 244 units within 28,901 rentable square feet. This fully gated and fenced property is strategically located off of Highway 57 which runs north and south through Vancleave from Hattiesburg, MS to Ocean Springs, MS where it runs into Highway 90. Vancleave lies within 20 miles of both Pascagoula and Biloxi. In 2007, members of the Jackson County Board of Supervisors predicted much growth in the Vancleave region in the next ten to fifteen years. Fueling this development will be the Vancleave bypass. This 4-lane artery will strike north from U.S. Interstate 10 and when finished, this thoroughfare will open areas north and south of Vancleave for housing developments. Some of these potential subdivision projects could be as large as 2,800 homes. This opportunity is being offered at $127 per square foot for a primarily new construction 4-property portfolio all within driving distance. This opportunity gives an investor the ability to enjoy a quick lease up while pushing rental rates in-between.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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