This Industrial Property is Off-Market.

17240 Hwy 26 West
Lucedale, MS 39452 ·

13,750 SF · Industrial For Sale

N/A

Print

Stor-it-ville

Price N/A Cap Rate 9%
Building Size 13,750 SF Tenancy Multiple
Property Type Industrial Clear Ceiling Height 9 ft.
Property Sub-type Self/Mini-Storage Facility Lot Size 1 AC
Property Use Type Investment Features Electricity/Power
Commission Split 3%
Listing ID: 16815722 Date Created: 08/28/2010 Last Updated: 01/13/2014

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.

Utilities

  • Electricity/Power

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Lucedale Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)