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751 Sycamore Rd - Sycamore Road Storage 10,200 SF Specialty Building Offered at $299,800 at a 4.79% 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
Seller Financing Available. Please contact broker for terms and more information.
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.
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 | $299,800 | Building Class | C |
| Price Per SF | $29.39 | Lot Size | 0.62 AC |
| Sale Type | Investment | Building Size | 10,200 SF |
| Cap Rate | 4.79% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2006 |
| Property Subtype | Self-Storage |
| Price | $299,800 |
| Price Per SF | $29.39 |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.62 AC |
| Building Size | 10,200 SF |
| No. Stories | 1 |
| Year Built | 2006 |
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Property Taxes
| Parcel Number | 5-16-8-33-000-000-0710 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $102 |
Property Taxes
Parcel Number
5-16-8-33-000-000-0710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$102
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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