Historical Industrial Sale Listing - Better Storage Solutions

Industrial For Sale

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Better Storage Solutions

8118 Sulphur Springs Road, Pine Bluff, AR 71603

N/A

8,183 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
8,183 SF
Property Type:
Industrial
Property Sub-type:
Self/ Mini-Storage Facility
Property Use Type:
Investment
Commission Split:
5%
Cap Rate:
12%
Occupancy:
50%
Tenancy:
Multiple
Year Built:
1995
Clear Ceiling Height:
10 ft.
Lot Size:
2.10 AC
Listing ID
17043114
Last Updated
over 1 year ago

Utilities

  • Fenced Yard
  • Trailer Parking

Description

77 Self Storage Units consisting of 6 buildings of various size units. Property includes 1700 sq.ft. manufactured home used as office/mgrs home, a 5000 sq.ft. metal warehouse of which 1100 sq.ft. is temperature controlled. The metal warehouse is currently rented out at $550 per month. Property has a video monitoring system and 24 hour access. U-Haul rentals has recently been added to generate additional income.

Entire property along with another storage facility (White Hall Better Storage located in White Hall, AR, also listed for sale) are currently leased out on a "master lease" whereby the master tenant pays the rent, taxes and insurance for both properties. The master lease payment covers the loans, taxes and insurance for both properties. Much upside potential with aggressive marketing as occupancy is currently at a low level.

Facility can be sold separately or with the White Hall property.

Located approximately one hour south of Little Rock, the property sits on a major highway leading in and out of Pine Bluff. Highly visible from the street with limited competition. Pine Bluff is home of the University of Arkansas, Pine Bluff. The area is expanding with residential and commercial businesses just outside the city limits.

Map of 8118 Sulphur Springs Road, Pine Bluff, AR 71603 (Jefferson County)

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