Investment Overview

Marcus & Millichap is pleased to present AAA Mini Storage, a self-storage facility located in Irondale, a submarket of Birmingham, Alabama. The property contains approximately 39,500 square feet of rentable storage space and has been under long-term ownership. The facility is situated on 4.2 acres and is fully fenced and gated, with exterior lighting and a security camera system. The property includes an on-site office and manager’s apartment, supporting day-to-day operations. AAA Mini Storage is currently 83% occupied and has seen only one rate increase over the past five years, creating an opportunity for a new owner to implement rent adjustments and operational improvements. Additional upside exists through improved marketing and advertising efforts, as well as cleanup and organization of the parking area. The property is offered at $2,475,000, reflecting a 6.75% capitalization rate on current numbers. Priced at $63 per square foot, offering investors a value-add self-storage opportunity in the Birmingham market.