904 Lawndale Dr
Tupelo, MS 38801
Tupelo Lock Storage · Specialty Property For Sale
·
41,404 SF
Investment Highlights
- Brand new improvements including roofs, gate system, renovated office space, light fixtures, and security system
- Future up-side through rate management
- Consistent lease-up activity since upgrades were implemented, supporting the demand in the market
Property Facts
| Property Type | Specialty | Building Size | 41,404 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Lot Size | 3.30 AC | Year Built | 1972 |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 3.30 AC |
| Building Size | 41,404 SF |
| No. Stories | 1 |
| Year Built | 1972 |
About 904 LAWNDALE DR , TUPELO, MS 38801
Tupelo Lock Storage is situated in the heart of Tupelo, MS. This facility offers a new investor a turn-key opportunity with up- side. Current ownership has invested an ample amount of CAPEX into the properties which will allow a new owner to focus more time and effort on managing the turnover of the facility rather than the external appeal. Tupelo Lock Storage consists of 163 non-climate units, 60 climate controlled units, and 22 parking spaces situated among the main location and the annex. The annex location, approximately 6 miles away from the main facility, offers 6 acres of land, presenting plenty of space to expand for boat/RV or indoor storage. The property has seen upgrades including new roofs, a new surveillance system, a fresh seal coating in the parking lot, updated lighting, a fully renovated office, and a brand-new gate system. Despite the CAPEX and management improvements that have already been implemented, this property has plenty of potential remaining for an investor to acquire a strong value-add investment. Currently achieving 91% physical occupancy and presenting an economic vacancy of 34%, the facility is positioned for a major improvement in future revenue.
Property Taxes
| Parcel Number | 101C-01-003-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $48,458 |
Property Taxes
