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Self-Storage Facility

StorEase CofO

1301 Capshaw Rd, Huntsville, AL 35749

Listing Price: $8,100,000

Cap Rate
7.49%
Number of Units
470
Occupancy
95.0%
Gross SF
59,150
Rentable SF
59,150
Price/Rentable SF
$136.94
Year Built
2023

Investment Overview

This state-of-the-art, Class “A” facility consists of two single-story buildings made up of 470 climate-controlled units, totaling 59,150 NRSF. Units are accessed inside gated one-way multiple lane driveway. No Basements // Only 13 percent of homes within a three-mile radius of facility have basements per Radius+, making the residential site a convenient, premium location for surrounding neighborhoods. No Upcoming Competition // No facilities planned or under construction within three miles.

Investment Highlights

  • State-of-the-Art Design // Modern, institutional quality, high-tech facility, delivered in March 2023, featuring state-of-the-art technology focused on the ease of customer experience while mitigating
  • Excellent Location // Facility is in a desirable, high-income, and growing residential corridor of Madison County with over 14,000 homes within three miles. 2,000 additional single-family residences
  • STRONG Demographics // 2022 Population // 40,630 | 2022 Households // 14,259 | 2022 Median Household Income // $128,949 | 2022 Households with Income Above $100K // 6,754

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Self-Storage Facility

StorEase CofO

Listing Price: $8,100,000

Cap Rate
7.49%
Number of Units
470
Occupancy
95.0%
Gross SF
59,150
Rentable SF
59,150
Price/Rentable SF
$136.94
Year Built
2023

Investment Highlights

  • State-of-the-Art Design // Modern, institutional quality, high-tech facility, delivered in March 2023, featuring state-of-the-art technology focused on the ease of customer experience while mitigating
  • Excellent Location // Facility is in a desirable, high-income, and growing residential corridor of Madison County with over 14,000 homes within three miles. 2,000 additional single-family residences
  • STRONG Demographics // 2022 Population // 40,630 | 2022 Households // 14,259 | 2022 Median Household Income // $128,949 | 2022 Households with Income Above $100K // 6,754

Investment Overview

This state-of-the-art, Class “A” facility consists of two single-story buildings made up of 470 climate-controlled units, totaling 59,150 NRSF. Units are accessed inside gated one-way multiple lane driveway. No Basements // Only 13 percent of homes within a three-mile radius of facility have basements per Radius+, making the residential site a convenient, premium location for surrounding neighborhoods. No Upcoming Competition // No facilities planned or under construction within three miles.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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