Self-Storage Facility

Athens, AL Self Storage Opportunity

22031 US-72, Athens, AL 35613

Listing Price: $6,900,000

Cap Rate
5.33%
Number of Units
460
Occupancy
67.0%
Gross SF
60,234
Rentable SF
60,234
Price/Rentable SF
$114.55
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this Athens, Alabama Self Storage Opportunity. The facility will feature 356 climate-controlled units and 104 non-climate-controlled units, totaling 60,234 net rentable square feet. The facility is projected to be completed in 2021 and will be situated on 3.61 acres of land. It is in an undersaturated self-storage market which will provide high demand and fast lease-up for the facility.

The property is located off US Highway 72 and is surrounded by many restaurant chains, retail stores, businesses, and neighborhoods. There is a Publix Super Market and strip mall directly next to the facility. This will offer the facility great street frontage and high daily traffic counts.

Athens, Alabama Self Storage Opportunity is being offered for $6,900,000 or $114.55 per rentable square foot.

Investment Highlights

  • Estimated C of O - February 2021
  • 60,234 Net Rentable Square Feet
  • 356 Climate Controlled Units
  • 104 Non-Climate Controlled Units
  • Under Saturated Self Storage Market

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Self-Storage Facility

Athens, AL Self Storage Opportunity

Listing Price: $6,900,000

Cap Rate
5.33%
Number of Units
460
Occupancy
67.0%
Gross SF
60,234
Rentable SF
60,234
Price/Rentable SF
$114.55
Year Built
2021

Investment Highlights

  • Estimated C of O - February 2021
  • 60,234 Net Rentable Square Feet
  • 356 Climate Controlled Units
  • 104 Non-Climate Controlled Units
  • Under Saturated Self Storage Market

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this Athens, Alabama Self Storage Opportunity. The facility will feature 356 climate-controlled units and 104 non-climate-controlled units, totaling 60,234 net rentable square feet. The facility is projected to be completed in 2021 and will be situated on 3.61 acres of land. It is in an undersaturated self-storage market which will provide high demand and fast lease-up for the facility.

The property is located off US Highway 72 and is surrounded by many restaurant chains, retail stores, businesses, and neighborhoods. There is a Publix Super Market and strip mall directly next to the facility. This will offer the facility great street frontage and high daily traffic counts.

Athens, Alabama Self Storage Opportunity is being offered for $6,900,000 or $114.55 per rentable square foot.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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