Self-Storage Facility

Space Savers Irondale

1911 Crestwood Blvd, Irondale, AL 35210

Listing Price: $9,650,000

Cap Rate
2.56%
Number of Units
488
Occupancy
47.55%
Gross SF
67,952
Rentable SF
67,952
Price/Rentable SF
$142.01
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to present Space Savers Self-Storage of Irondale, Alabama. Space Savers features one class A, multilevel self-storage building featuring 488 units. Currently 49 percent occupied, this facility has major upside potential through operational improvements including rent adjustments, increased occupancy, additional income through tenant insurance, etc. The current owner/operator is a very experienced, long-time hospitality and storage developer. He does not enjoy the management aspect of the business and does very little marketing/ advertising.

The property is located just east of the city of Birmingham in Irondale, Alabama. The facility is visible from Interstate 20, which has a daily traffic count of approximately 56,862. Additionally, the property has frontage on Highway 78 which experiences daily traffic counts of approximately 23,465.

Investment Highlights

  • 67,907 Rentable Square Feet
  • Below Market Rents
  • Class A Climate Facility
  • 488 Units
  • 2017 Construction

Exclusively Listed By

Self-Storage Facility

Space Savers Irondale

Listing Price: $9,650,000

Cap Rate
2.56%
Number of Units
488
Occupancy
47.55%
Gross SF
67,952
Rentable SF
67,952
Price/Rentable SF
$142.01
Year Built
2001

Investment Highlights

  • 67,907 Rentable Square Feet
  • Below Market Rents
  • Class A Climate Facility
  • 488 Units
  • 2017 Construction

Investment Overview

Marcus & Millichap is pleased to present Space Savers Self-Storage of Irondale, Alabama. Space Savers features one class A, multilevel self-storage building featuring 488 units. Currently 49 percent occupied, this facility has major upside potential through operational improvements including rent adjustments, increased occupancy, additional income through tenant insurance, etc. The current owner/operator is a very experienced, long-time hospitality and storage developer. He does not enjoy the management aspect of the business and does very little marketing/ advertising.

The property is located just east of the city of Birmingham in Irondale, Alabama. The facility is visible from Interstate 20, which has a daily traffic count of approximately 56,862. Additionally, the property has frontage on Highway 78 which experiences daily traffic counts of approximately 23,465.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower