721 N McKenzie St | Foley, AL 36535
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721 N McKenzie St
Foley, AL 36535
SOUTHERN STORAGE OF FOLEY · Specialty Property For Sale
·
19,590 SF
Investment Highlights
- Immediate upside with rents 20%+ below market.
- Visibility, frontage, and access from State Highway 59 which sees over 30,000 VPD.
- Very sticky tenant base with 67% of the customers renting their units for over 3 years.
- High yielding opportunity with a 9.13% Year 3 Cap Rate.
- 3.00% annual population growth since 2010, and projected annual growth of 1.80% for the next 5 years.
Property Facts
| Property Type | Specialty | Building Size | 19,590 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built | 2016 |
| Lot Size | 1.05 AC | Parking Ratio | 0.31/1,000 SF |
| Zoning | Storage | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 19,590 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 0.31/1,000 SF |
| Zoning | Storage |
Property Taxes
| Parcel Numbers | Improvements Assessment | $263,260 | |
| Land Assessment | $0 | Total Assessment | $263,260 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$263,260
Total Assessment
$263,260
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