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Self-Storage Facility

Iron Storage 3 Property Portfolio

221 5th St, Baldwyn, MS 38824

Listing Price: $4,500,000

Cap Rate
6.43%
Number of Units
402
Occupancy
64.0%
Gross SF
48,648
Rentable SF
48,648
Price/Rentable SF
$92.50
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to offer for sale the Iron Storage Three Property Portfolio located in Baldwyn, Tupelo, and Oxford, Mississippi. The Baldwyn and Tupelo sites are about 20 miles apart with Oxford about an hour away. The portfolio has a combined 48,648 net rentable square feet with 357 climate-controlled units, 39 non-climate-controlled units, one warehouse, and five parking spaces. There is room for expansion at all of the sites as well as the ability to increase rents.

Investment Highlights

  • Northern Mississippi Three Property Self-Storage Portfolio with Large Upside
  • Two Sites About 20 Miles Apart, with a Third Site About an Hour Away in Oxford
  • Combined 48,648 Net Rentable Square Feet
  • 357 Climate-Controlled Units, 39 Non-Climate-Controlled Units, and One Warehouse
  • Room for Expansion at Each Location

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Self-Storage Facility

Iron Storage 3 Property Portfolio

Listing Price: $4,500,000

Cap Rate
6.43%
Number of Units
402
Occupancy
64.0%
Gross SF
48,648
Rentable SF
48,648
Price/Rentable SF
$92.50
Year Built
1980

Investment Highlights

  • Northern Mississippi Three Property Self-Storage Portfolio with Large Upside
  • Two Sites About 20 Miles Apart, with a Third Site About an Hour Away in Oxford
  • Combined 48,648 Net Rentable Square Feet
  • 357 Climate-Controlled Units, 39 Non-Climate-Controlled Units, and One Warehouse
  • Room for Expansion at Each Location

Investment Overview

Marcus & Millichap is pleased to offer for sale the Iron Storage Three Property Portfolio located in Baldwyn, Tupelo, and Oxford, Mississippi. The Baldwyn and Tupelo sites are about 20 miles apart with Oxford about an hour away. The portfolio has a combined 48,648 net rentable square feet with 357 climate-controlled units, 39 non-climate-controlled units, one warehouse, and five parking spaces. There is room for expansion at all of the sites as well as the ability to increase rents.

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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