Investment Overview

Marcus & Millichap is pleased to announce the exclusive offering of Pineville Road Self Storage which has two locations in Long Beach, Mississippi. The Pineville Road Self Storage facilities boast a combined 88 drive-up non-climate, and 44 climate-controlled units within 16,450 rentable square feet. Under current ownership, the two facilities have experienced a 30% increase in occupancy as well as an increase in income in just the last nine months. The two facilities now have all new HVAC, all new gravel drives. LED lighting, new security cameras and new access control for the climate controlled building. Pineville Road Self Storage includes two facilities within one mile of each other in Long Beach, Mississippi. Long Beach, Mississippi is home to the satellite campus of The University of Southern Mississippi, one of the nation’s leading research universities. Long Beach, also known as “The Friendly City”, shows a three mile population of 23,378 and a five mile population of 37,873. The the three mile population and the 5 mile population are expected to grow. The area offers all that a larger city would – industrial, commercial, and retail – while maintaining its small-town charm. At the heart of the city is a newly constructed city hall that is surrounded by restaurants, shops, and the local library. This opportunity is being offered at $59 per net rentable square feet. This opportunity gives an investor the ability to enjoy cash flow with future upside in a good Mississippi Coastal market.