Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3000 Magnolia Self Storage is a 244-unit, 58% occupied self-storage facility located in Mobile, Alabama. The property offers approximately 39,633 square feet of gross building area on a 2.85-acre site and was constructed in 2001 with recent significant capital investments (see Document Vault/Financials). The location benefits from strong neighborhood access and proximity to major residential areas, employment centers, and retail corridors along Schillinger Road, one of Mobile’s main suburban thoroughfares. The surrounding trade area consistently supports storage demand, anchored by dense suburban housing and stable employment. Within a 3-mile radius, the market includes roughly 49,076 residents, 20,776 households, and 21,029 daytime workers, placing the property in a balanced “need-based” demand environment where self-storage remains a resilient asset class. Mobile, AL, serves as a key Gulf Coast logistics and industrial hub, supported by the Port of Mobile, the aerospace and manufacturing sectors, shipbuilding, and regional distribution along the I-10 corridor. This economic foundation, combined with steady population density in West Mobile, creates a favorable environment for long-term self-storage occupancy and rent growth.