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751 Sycamore Rd - Sycamore Road Storage 10,200 SF Specialty Building Offered at $350,000 at a 4.35% Cap Rate in Carriere, MS 39426
INVESTMENT HIGHLIGHTS
- Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 4.4 SF/Capita for Self Storage
- Population of 19,082 Residents Within Five Miles of the Property Growing at 1.3% Annually Since the 2020 Census
- Strong Average Household Income of $90,872 Within Three Miles of the Property
- The Picayune MSA is the 10th Largest in the State of Mississippi and is Home to 57,978 Residents
EXECUTIVE SUMMARY
This value-add self storage facility comprises 74 non-climate-controlled units, offering a total of 10,200 net rentable square feet. The property presents a compelling opportunity to increase revenue through strategic lease-up and stabilization efforts, as well as by implementing existing customer rent increases. Additional income potential can be unlocked by maximizing fee income and boosting tenant insurance sales.
PROPERTY FACTS
| Price | $350,000 | Building Class | C |
| Price Per SF | $34.31 | Lot Size | 1.57 AC |
| Sale Type | Investment | Building Size | 10,200 SF |
| Cap Rate | 4.35% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2006 |
| Property Subtype | Self-Storage |
| Price | $350,000 |
| Price Per SF | $34.31 |
| Sale Type | Investment |
| Cap Rate | 4.35% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 10,200 SF |
| No. Stories | 1 |
| Year Built | 2006 |
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CONTACTS
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Josh Snead -
Frank DeSalvo -
Justin Clark -
David Perlleshi -
Darron Kattan -
Franklin Street
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751 Sycamore Rd - Sycamore Road Storage
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