Investment Overview

Marcus and Millichap is pleased to present Hwy 98 East Mini Storage located 1108 Weaver Rd, McComb, MS 39648. Hwy 98 East Mini Storage offers 161 Non-Climate Controlled Units within 20,500 Rentable Square Feet. Hwy 98 East Mini Storage is a stabilized facility that offers lift master automated gate controller with two keypads, Reolink solar video cameras, spypoint cameras, and security lights to make this facility an easy property to manage remotely. Of the 161 units, 16 of the units were built in 2018 and the entire facility enjoys asphalt drive aisles. Hwy 98 East Mini Storage is 97% physically occupied while being 93% economically occupied with the opportunity to immediately push the rental rates. By doing this an investor will be able to achieve a pro forma year two cash on cash return of 10.39%. McComb’s position along key transportation routes has created steady economic growth, bolstered by a diverse economy that includes sectors such as manufacturing, healthcare, and retail. McComb is the home to Southwest Mississippi Community College as well as Southwest Mississippi Medical Center which plays a vital role in the healthcare landscape for the entire region. The intersection of I-55 and Highway 98 in McComb, MS serves as a crucial axis for transportation, commerce and regional connectivity. I-55, a major north-south interstate, facilitates efficient movement of goods and travelers between Jackson, MS and New Orleans, LA while Highway 98 expands McComb’s accessibility to the Gulf Coast Region. Hwy 98 East Mini Storage is being offered at $1,200,000 or $58.53 per square foot and gives an investor the ability to acquire a value add facility in a stable market.