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3005 N Midland Dr - Forward Storage - Pine Bluff, AR 27,708 SF Specialty Building Offered at $900,000 in Pine Bluff, AR 71603
EXECUTIVE SUMMARY
- Value-Add Self Storage Facility Offered at a Very Low Basis and Comprised of 153 Non-Climate Units Totaling 26,868 Net Rentable Square Feet and Two Commercial Spaces Totaling 840 Square Feet.
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases.
- The Facility Includes Two Vacant Commercial Suites That Are Ready to Rent, Offering Additional Upside to the Buyer.
- Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Mandates.
- The Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place.
- Some recent Capital Improvements to the Property Include New Gate Controllers, Security Cameras, and Asphalt Paving
- There is a Healthy Population of 27,849 Residents Within Three Miles of the Facility.
- The Pine Bluff MSA is the 8th Largest in the State of Arkansas and is Home to 83,907 Residents
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases.
- The Facility Includes Two Vacant Commercial Suites That Are Ready to Rent, Offering Additional Upside to the Buyer.
- Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Mandates.
- The Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place.
- Some recent Capital Improvements to the Property Include New Gate Controllers, Security Cameras, and Asphalt Paving
- There is a Healthy Population of 27,849 Residents Within Three Miles of the Facility.
- The Pine Bluff MSA is the 8th Largest in the State of Arkansas and is Home to 83,907 Residents
PROPERTY FACTS
| Price | $900,000 | Building Class | B |
| Price Per SF | $32.48 | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 27,708 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1986 |
| Price | $900,000 |
| Price Per SF | $32.48 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 27,708 SF |
| No. Stories | 1 |
| Year Built | 1986 |
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PROPERTY TAXES
| Parcel Number | 930-50908-000 | Improvements Assessment | $40,910 |
| Land Assessment | $10,200 | Total Assessment | $51,110 |
PROPERTY TAXES
Parcel Number
930-50908-000
Land Assessment
$10,200
Improvements Assessment
$40,910
Total Assessment
$51,110
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3005 N Midland Dr - Forward Storage - Pine Bluff, AR
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