Self-Storage Facility
Birmingham Alabama Storage CO
1500 Tedescki Dr, Bessemer, AL 35022
Listing Price: Request For Offer
Investment Overview
Marcus and Millichap is pleased to present Copper Safe Storage, new construction, state of the art self-storage facility on Lakeshore Drive in Birmingham, Alabama. The site is adjacent to a new Publix with shops and backs up to RTJ golf trail at Ross Bridge. Ross Bridge is one of the top Robert Trent Jones courses on the trail. It is the fifth-longest 18- hole golf course in the world at 8,191 yards attracting golfers from far and wide. The course as accidentally poisoned in September 2022. It is being replanted and scheduled to re-open in October 2023.
Ross Bridge is also home to a four start Renaissance Resort with 259 rooms, two saltwater pools, spa, multiple restaurants, and ballrooms for large events. The Ross Bridge community currently has 1,800 plus sites and 600 multifamily homes. The starting price of a single-family home in Ross Bridge currently sits around $450,000.
Based on the conservative estimated rates stabilization will dictate around a 6% CAP or X per rentable foot. The property will have X climate-controlled units and X non-climate-controlled units for a total of 503 units. The suggested absorption rate is about 36 months or 12.44 units per month.
The owners of this facility are Bill and Bob Copper of Copper Storage Solutions. They are industry leading experts specializing in feasibility studies, operations, and management. This project is coming out of the ground with an expected completion date of X. A buyer may choose to purchase at CO for list price or purchase today for a discount.
In this scenario the buyer would purchase the existing site based on what phase of construction it is in and assume the construction contract with Maxus moving forward. This site is technically in Bessemer, AL and considered a high growth area within Jefferson County. This area has some newer class A multifamily with several new residential projects coming out of the ground in the immediate area.
Bessemer is currently in a growth mode. Graham and Company is building a $30 million 311,900 square foot industrial facility. Amazon has a new 850,000 square foot warehouse and fulfillment center on 133 acres. Medical West Hospital Authority, an affiliate of UAB health systems is building a 412,000 square foot 9 story hospital with 200 beds and a 127,999 square foot medical office building to name a few.
Investment Highlights
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Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
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Investment Overview
Marcus and Millichap is pleased to present Copper Safe Storage, new construction, state of the art self-storage facility on Lakeshore Drive in Birmingham, Alabama. The site is adjacent to a new Publix with shops and backs up to RTJ golf trail at Ross Bridge. Ross Bridge is one of the top Robert Trent Jones courses on the trail. It is the fifth-longest 18- hole golf course in the world at 8,191 yards attracting golfers from far and wide. The course as accidentally poisoned in September 2022. It is being replanted and scheduled to re-open in October 2023. Ross Bridge is also home to a four start Renaissance Resort with 259 rooms, two saltwater pools, spa, multiple restaurants, and ballrooms for large events. The Ross Bridge community currently has 1,800 plus sites and 600 multifamily homes. The starting price of a single-family home in Ross Bridge currently sits around $450,000. Based on the conservative estimated rates stabilization will dictate around a 6% CAP or X per rentable foot. The property will have X climate-controlled units and X non-climate-controlled units for a total of 503 units. The suggested absorption rate is about 36 months or 12.44 units per month. The owners of this facility are Bill and Bob Copper of Copper Storage Solutions. They are industry leading experts specializing in feasibility studies, operations, and management. This project is coming out of the ground with an expected completion date of X. A buyer may choose to purchase at CO for list price or purchase today for a discount. In this scenario the buyer would purchase the existing site based on what phase of construction it is in and assume the construction contract with Maxus moving forward. This site is technically in Bessemer, AL and considered a high growth area within Jefferson County. This area has some newer class A multifamily with several new residential projects coming out of the ground in the immediate area. Bessemer is currently in a growth mode. Graham and Company is building a $30 million 311,900 square foot industrial facility. Amazon has a new 850,000 square foot warehouse and fulfillment center on 133 acres. Medical West Hospital Authority, an affiliate of UAB health systems is building a 412,000 square foot 9 story hospital with 200 beds and a 127,999 square foot medical office building to name a few.
Exclusively Listed By

