Self-Storage Facility
Marion Storage Depot
308 Pickens St, Marion, AL 36756
Listing Price: $400,000
Investment Overview
Marcus & Millichap is pleased to offer the sale of Marion Storage Depot in Marion Alabama. This investment is 104 Non-Climate units totaling 9,600 NRSF. With recent addition of software and online leasing capabilities, this investment has potential to increase occupancy and stabilize at an 11% Cap rate.
Broker of Record
Financing By
Listing Price: $400,000
Investment Highlights
- No Competition within 15 Miles
- New Website and Software
- $40/ SF List Price
- 67% Physical Occupancy
- Increase Revenue Through Lease Up
- 11% Pro Forma Cap Rate
Investment Overview
Marcus & Millichap is pleased to offer the sale of Marion Storage Depot in Marion Alabama. This investment is 104 Non-Climate units totaling 9,600 NRSF. With recent addition of software and online leasing capabilities, this investment has potential to increase occupancy and stabilize at an 11% Cap rate.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
