Historical Industrial Sale Listing - Stor-it-ville

Industrial For Sale

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Stor-it-ville

17240 Hwy 26 West, Lucedale, MS 39452

N/A

13,750 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
13,750 SF
Property Type:
Industrial
Property Sub-type:
Self/ Mini-Storage Facility
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9%
Tenancy:
Multiple
Clear Ceiling Height:
9 ft.
Lot Size:
1 AC
Listing ID
16815722
Last Updated
197 days ago

Utilities

  • Electricity/Power

Description

Although our receipts are up, we have reduced our asking price.We are offering a
108 unit mini-storage facility that includes 75 dry units and 33 climate controlled units of varying sizes. The facility is about 8 years old. It consists of 2 buildings that feature a concrete drive, has security lighting and water. The units are very low maintenance with very little grass to cut. The occupancy rate is about 92% and it seldom goes lower than 85% but it's been over 95% often.
There is no fence around the buildings, but this would certainly be a way to increase occupancy and rents. There is a manager in place and she said that she would be glad to continue running the units for the new owner.

Lucedale in located in George county Mississippi which is about 35 miles north of Pascagoula and the gulf coast. I don't know the population but I believe to be around 10,000. The mini-storage is located on hwy 26, which is one of the main thoroughfares in Lucedale.

Map of 17240 Hwy 26 West, Lucedale, MS 39452 (George County)

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Created 8/28/2010