Self-Storage Facility
Marion & Centreville Storage Depot
308 Pickens St, Marion, AL 36756
Listing Price: $750,000
Investment Overview
Marcus & Millichap is pleased to offer the sale of Marion Storage Depot in Marion, AL and Centreville Storage Depot in Centreville, AL. This investment is 200 Non-Climate units totaling 20,400 NRSF. With recent addition of software and online leasing capabilities, this investment has potential to increase occupancy and stabilize at an 12% Cap rate.
Broker of Record
Financing By
Listing Price: $750,000
Investment Highlights
- No Competition within 15 Miles of Marion
- New Website and Software
- $36.76/ SF List Price
- 54.5% Physical Occupancy
- Currently Leasing Up Under New Management
- 12% Pro Forma Cap Rate
Investment Overview
Marcus & Millichap is pleased to offer the sale of Marion Storage Depot in Marion, AL and Centreville Storage Depot in Centreville, AL. This investment is 200 Non-Climate units totaling 20,400 NRSF. With recent addition of software and online leasing capabilities, this investment has potential to increase occupancy and stabilize at an 12% Cap rate.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
