Investment Overview

Marcus & Millichap is pleased to offer for sale Generations Self Storage - Vancleave, MS located at 11704 MS-57, Vancleave, MS 39565. Generations Self Storage offers 159 Climate-Controlled Units, 87 Non-Climate-Controlled Units for a total of 246 units within 29,289 rentable square feet. The facility sits on 4.83 acres which allows for a future expansion. Generations Self Storage is fully fenced and gated, with asphalt drive isles and top of the line video surveillance. Generations was built in 2021 and expanded in 2023, the facility was 90.18% physically occupied and 87.97% economically occupied at the time of the expansion. The expansion opened its doors for rent in late May 2023 dropping the physical occupancy to 61.60% and by August 2023 the facility sits at 68.60% in physical occupnacy. The facility 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. Generations Self Storage - Vancleave, MS is being offered at $3,175,000. This investment offers an investor the opportunity to acquire a newly constructed facility in a market with climate controlled demand.