Self-Storage Facility
Fowler Storage Center
8710 AL-53, Toney, AL 35773
Listing Price: $5,500,000
Investment Overview
Marcus & Millichap is pleased to offer for sale Fowler Storage Center located in Toney, Alabama. This facility features 32 climate controlled units, 581 non-climate controlled units, and 28 RV parking spaces totaling 112,960 net rentable square feet. A large expansion was completed in March 2023 that accounted for roughly 50% of the net rentable square feet. The site is extremely mismanaged and has a lot of upside through tighter management. There is currently no on-site manager, no marketing, and the site is closed on weekends. A new owner could vastly improve operations.
Fowler Storage Center
Investment Highlights
- Huntsville, Alabama MSA Self Storage Offering with Upside
- Extremely Mismanaged: No Marketing, No On-Site Management, and Currently Closed on Weekends
- Recently Completed Large Expansion in March 2023 (Roughly 50% of the NRSF)
- 112,960 Net Rentable Square Feet
- 32 CC Units | 581 NCC Units | 28 RV Parking Spaces
Broker of Record
Financing By
Listing Price: $5,500,000
Investment Highlights
- Huntsville, Alabama MSA Self Storage Offering with Upside
- Extremely Mismanaged: No Marketing, No On-Site Management, and Currently Closed on Weekends
- Recently Completed Large Expansion in March 2023 (Roughly 50% of the NRSF)
- 112,960 Net Rentable Square Feet
- 32 CC Units | 581 NCC Units | 28 RV Parking Spaces
Investment Overview
Marcus & Millichap is pleased to offer for sale Fowler Storage Center located in Toney, Alabama. This facility features 32 climate controlled units, 581 non-climate controlled units, and 28 RV parking spaces totaling 112,960 net rentable square feet. A large expansion was completed in March 2023 that accounted for roughly 50% of the net rentable square feet. The site is extremely mismanaged and has a lot of upside through tighter management. There is currently no on-site manager, no marketing, and the site is closed on weekends. A new owner could vastly improve operations.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By
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