Investment Overview

Marcus & Millichap is pleased to present Friendly City Mini Warehouses located at 7626 Hwy 45 N Columbus, MS 39705. Friendly City Mini Warehouses offers 314 units, 163 climate controlled units, 145 non climate controlled units and 6 open parking spaces within 47,720 net rentable square feet. Friendly City Mini Warehouses comes with 3.25 acres of land for future expansion. Friendly City Mini Warehouses is a state of the art facility that offers brand new 24-hour digital surveillance that can be monitored remotely, the facility is completely fenced and gated and enjoys coded entry and exiting. The facility opened for rent in April of 2022 and enjoyed a quick lease up reaching 89% by December of 2022. Due to the success of Phase one, Phase two basically doubled the size of the facility and began renting in January of 2024. Friendly City Mini Warehouses is currently 59% in physical occupancy and 57% in economic occupancy. The facility, first built in 2022 and expanded in 2024, is located less than one mile from the turnoff to the air base. Columbus AFB is a training base with a turnover of ~30 pilot trainees every 45 days. Approximately 30% of current tenants are affiliated with the base. This new construction project is strategically located between the city of Columbus, Columbus Air Force Base and the growing community of Caledonia on one of the two major highways in the county. The property's distinctive design enjoys visibility and access from Highway 45 North, which has a daily traffic count of 18,000. The property is located in the Caledonia school district, an area that has seen tremendous growth over the past decade due to the success of their public schools, which consistently rank among the best in the region. Highway 45 is the major artery between growing Caledonia and nearby Columbus, a city of 23,000 with a strong retail and industrial base. In 2022, the development of a $2.5 billion aluminum mill was announced for the county, which is bringing 1,500 jobs with an average salary of $90,000. Friendly City Mini Warehouses is being offered at $4,425,000 or $92.73 per net rentable square feet. This opportunity offers an investor the ability to acquire a newly constructed facility strategically located in an underserved area of a great market.