Self-Storage Facility
Snyder's Storage
2816 E Meighan Blvd, Gadsden, AL 35903
Listing Price: $1,800,000
Investment Overview
Marcus & Millichap is pleased to offer for sale Snyder's Storage in Gadsden, AL. This is a newly built facility with the first phase opened in November 2023 and the climate controlled building in April 2024. There are two additional drive up buildings currently under construction and will be delivered prior to close. The property will consist of 24,150 NRSF between 132 drive up units, 28 Climate controlled units, and 1 retail building which has a lease in place until 2029. The current occupancy on available units is 94%. This facility has excellent visibility from E. Meighan Blvd which sees over 22,000 VPD.
Snyder's Storage
Investment Highlights
- Newly Built facility opened in November 2023 and leased up over 92% on available units.
- Two new buildings currently under construction to be delivered to buyer at close.
- Rental rates below market
- Retail building on lease until 2029
- 3.28 sf/person in 5 mile radius
- Over 22k VPD on E Meighan Blvd
Broker of Record
Listing Price: $1,800,000
Investment Highlights
- Newly Built facility opened in November 2023 and leased up over 92% on available units.
- Two new buildings currently under construction to be delivered to buyer at close.
- Rental rates below market
- Retail building on lease until 2029
- 3.28 sf/person in 5 mile radius
- Over 22k VPD on E Meighan Blvd
Investment Overview
Marcus & Millichap is pleased to offer for sale Snyder's Storage in Gadsden, AL. This is a newly built facility with the first phase opened in November 2023 and the climate controlled building in April 2024. There are two additional drive up buildings currently under construction and will be delivered prior to close. The property will consist of 24,150 NRSF between 132 drive up units, 28 Climate controlled units, and 1 retail building which has a lease in place until 2029. The current occupancy on available units is 94%. This facility has excellent visibility from E. Meighan Blvd which sees over 22,000 VPD.
Broker of Record
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Eddie Greenhalgh
Senior Vice President Investments
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