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Self-Storage Facility

Pell City Mini Storage

2630 Martin St S, Pell City, AL 35128

Listing Price: $4,000,000

Cap Rate
5.61%
Number of Units
411
Occupancy
100.0%
Gross SF
58,400
Rentable SF
58,400
Price/Rentable SF
$68.49
Year Built
1996

Investment Overview

Marcus and Millichap is pleased to present Pell City Mini Storage and Outer Space Mini Storage in Pell City Alabama. These two non-climate facilities adjoin each other for a total of 58,400 RSF and 411 Units. Located on a heavily traveled corner next to a new Ace Hardware store down the street from the civic center. This property sits on 5.61 +/- acres and comes with .7 +/- of extra land across the street. The popery across the street is heavily wooded and in a flood area. The new owner can eventually use this for outside parking which is in demand. Currently the facility is 99% physically occupied which seems to be the trend in this market. There is good upside potential through rate increases, merchandise sales, and pushing tenant insurance. The current onsite office and apartment can be rented to a business, used as an apartment, or converted to climate storage. It totals 1,200 sf and is not calculated in the rentable square footage. Please contact listing brokers for additional information or to schedule a tour.

Investment Highlights

  • 58,400 Rentable Square Feet
  • 411 Units 99% Physical Occupancy
  • 5.6 +/- acres with .7 +/- extra land for parking Strong Location

Exclusively Listed By

Self-Storage Facility

Pell City Mini Storage

Listing Price: $4,000,000

Cap Rate
5.61%
Number of Units
411
Occupancy
100.0%
Gross SF
58,400
Rentable SF
58,400
Price/Rentable SF
$68.49
Year Built
1996

Investment Highlights

  • 58,400 Rentable Square Feet
  • 411 Units 99% Physical Occupancy
  • 5.6 +/- acres with .7 +/- extra land for parking Strong Location

Investment Overview

Marcus and Millichap is pleased to present Pell City Mini Storage and Outer Space Mini Storage in Pell City Alabama. These two non-climate facilities adjoin each other for a total of 58,400 RSF and 411 Units. Located on a heavily traveled corner next to a new Ace Hardware store down the street from the civic center. This property sits on 5.61 +/- acres and comes with .7 +/- of extra land across the street. The popery across the street is heavily wooded and in a flood area. The new owner can eventually use this for outside parking which is in demand. Currently the facility is 99% physically occupied which seems to be the trend in this market. There is good upside potential through rate increases, merchandise sales, and pushing tenant insurance. The current onsite office and apartment can be rented to a business, used as an apartment, or converted to climate storage. It totals 1,200 sf and is not calculated in the rentable square footage. Please contact listing brokers for additional information or to schedule a tour.

Exclusively Listed By

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