Self-Storage Facility
Cannon Secure Storage
1884 Joe Bruer Rd, Level Plains, AL 36322
Listing Price: $1,000,000
Investment Overview
The Gorman Group at Marcus and Millichap is pleased to offer the sale of Cannon Secure Storage in Level Plains, Alabama. This investment includes 27 units totaling over 34,000 net rentable sf. This value-add offering represents a current 7.1% cap rate at 59% economic occupancy with opportunity to lease up to an 11% cap rate.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $1,000,000
Investment Highlights
- Recently Under New Management
- 59% Economic Occupancy
- 7.1% Current Cap Rate
- $28/ Sf
- Opportunity to Expand
- 11% Pro Forma Cap Rate Through Lease Up
Investment Overview
The Gorman Group at Marcus and Millichap is pleased to offer the sale of Cannon Secure Storage in Level Plains, Alabama. This investment includes 27 units totaling over 34,000 net rentable sf. This value-add offering represents a current 7.1% cap rate at 59% economic occupancy with opportunity to lease up to an 11% cap rate.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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