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Tupelo, Mississippi Storage Portfolio 1 Specialty Properties Offered at $4,100,000 in Guntown, MS
Investment Highlights
- Below replacement cost offering at $40.77 per square foot for climate and non-climate units.
- Over $150,000 in capital improvements since 2023, including new roofs and security.
- Projected stabilized Year 3 and 4 returns north of 9.8% for investors.
- Significantly below market rental rates with 20%+ upside on several unit sizes.
- Current occupancy at 77% under mom-and-pop management with value-add potential.
- Located near new 149,000 SF Target and major employers like Toyota and NMMC.
Executive Summary
Phillip Carpenter
License # C-11708, 8906 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
License # C-11708, 8906 (MS)
Carpenter Properties, Inc.
1437 Old Square Road, Suite 104 Jackson, MS 39211
(866) 889-0550
Property Facts
| Price | $4,100,000 | Number of Properties | 5 |
| Price / SF | $500.00 / SF | Individually For Sale | 0 |
| Cap Rate | 5.55% | Total Building Size | 8,200 SF |
| Sale Type | Investment | Total Land Area | 1.00 AC |
| Status | Active |
| Price | $4,100,000 |
| Price / SF | $500.00 / SF |
| Cap Rate | 5.55% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 8,200 SF |
| Total Land Area | 1.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 131 N Lee Dr, Guntown, MS 38849 | Specialty | 8,200 SF | 2008 | - |
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Tupelo, Mississippi Storage Portfolio
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