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Self-Storage Facility

Hey! Storage - Hattiesburg

21 Rawls Springs Rd, Hattiesburg, MS 39402

Listing Price: $850,000

Cap Rate
8.20%
Number of Units
86
Occupancy
95.0%
Gross SF
12,755
Rentable SF
12,755
Price/Rentable SF
$66.64
Year Built
1994

Investment Overview

A new owner can realize upside potential through expansion, marketing, rent adjustments, and tenant insurance.

Investment Highlights

  • The facility is currently 92% occupied and includes 84 self-storage units. These units are comprised of 80 N/C units and 4 CC units.
  • The 4 climate units were converted from an old office space that is on the property.
  • There are two office spaces that are both currently leased on a month to month lease. The facility is partially fenced with multiple security cameras.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Self-Storage Facility

Hey! Storage - Hattiesburg

Listing Price: $850,000

Cap Rate
8.20%
Number of Units
86
Occupancy
95.0%
Gross SF
12,755
Rentable SF
12,755
Price/Rentable SF
$66.64
Year Built
1994

Investment Highlights

  • The facility is currently 92% occupied and includes 84 self-storage units. These units are comprised of 80 N/C units and 4 CC units.
  • The 4 climate units were converted from an old office space that is on the property.
  • There are two office spaces that are both currently leased on a month to month lease. The facility is partially fenced with multiple security cameras.

Investment Overview

A new owner can realize upside potential through expansion, marketing, rent adjustments, and tenant insurance.

Exclusively Listed By

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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