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1432 3rd St SW - Outer Space Storage 28,550 SF Specialty Building Offered at $1,500,000 at a 9.78% Cap Rate in Attalla, AL 35954
Executive Summary
LAH Commercial Real Estate is pleased to present this 223 unit Self Storage Investment Property located in Attalla, AL.
Property breakdown consists of the following: 5x10: 56; 5x10: 20; 10x10: 26; 10x15: 49; 10x20: 74; 2 commercial buildings, both of which are currently leased up (Call Broker for additional details related to this).
Rents are well under market and property is priced to sell.
The property is currently at 80% occupancy, with the potential to increase rent thus creating a strong value-add opportunity.
Minimal CAPEX needed on the storage units themselves and the Commercial Spaces will require a nominal amount of CAPEX to get the vacant spaces to rentable condition.
Property breakdown consists of the following: 5x10: 56; 5x10: 20; 10x10: 26; 10x15: 49; 10x20: 74; 2 commercial buildings, both of which are currently leased up (Call Broker for additional details related to this).
Rents are well under market and property is priced to sell.
The property is currently at 80% occupancy, with the potential to increase rent thus creating a strong value-add opportunity.
Minimal CAPEX needed on the storage units themselves and the Commercial Spaces will require a nominal amount of CAPEX to get the vacant spaces to rentable condition.
Property Facts
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 16-02-10-0-001-053.001 | Improvements Assessment | $27,620 |
| Land Assessment | $760 | Total Assessment | $28,380 |
Property Taxes
Parcel Number
16-02-10-0-001-053.001
Land Assessment
$760
Improvements Assessment
$27,620
Total Assessment
$28,380
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1432 3rd St SW - Outer Space Storage