Investment Overview

Marcus and Millichap is honored to present for sale AA Storage in Sikeston, Missouri. This storage offering consists of 51,800 combined square feet totaling 370 non-climate controlled units, 6 parking spaces for a total of 376 units over a total of approximately 4.16 acres. Amenities at AA Storage include professional storage software, security cameras and professional manager’s office. There is approximately 1 acre for physical expansion and the current manager’s office is a home built in 2017 that can be rented for $1300 or converted into additional storage. As of August 2023, AA Storage was _____ percent physically occupied. Located in the Southeastern corner of Missouri, the city of Sikeston is conveniently positioned off US I-55 and is located almost exactly between St. Louis, Missouri and Memphis, Tennessee, with St. Louis at approximately 125 miles to the north and Memphis approximately 125 miles due south. Population in Sikeston is approximately 20,000. Major industry in the area is healthcare and retail. Sikeston is also nationally known as the home of Lambert’s “Home of the Throwed Rolls” Restaurant and Farms which employees nearly 400. Listed for $2,800,000, AA Storage is a well-maintained offering that will provide an investor the opportunity to acquire an income-producing asset presenting both physical and economic value-add opportunities. By implementing steady rent increases and adding additional revenue streams, an investor will experience 8.66% percent, or better, cash-on-cash return by end of year one.