investment highlights
- UPSIDE POTENTIAL // Substantial opportunity to increase occupancy from 78 percent up to the current market average of 88 percent. In addition, asking rates are 15 percent below the market on average when compared to the six closest competitors in the market.
- EXPANSION POTENTIAL // There is a large paved parking surface in front of the facility creating the potential to add exterior parking for boats, RV’s and vehicles.
- FAVORABLE DEMOS // Densely populated trade area with over 67K people and 27K households within three miles of the subject property.
- STRONG LOCATION // The facility is located on Highway 61 (Business Route) with over 11K passing vehicles per day, and just south of the local retail corridor with value brands such as Dollar General, Family Dollar, and Burger King to name a few.
- ATTRACTIVE LAYOUT // Ground level climate controlled storage units across the entirety of the facility with two oversized loading bays for convenient access. Institutional-style leasing office with retail and security monitor display as well as a large elevated billboard at the entrance to the facility with excellent visibility from Highway 61.
