117 Eastview Dr - Self-Storage Facilities FOR SALE


Laurel, MS 39443
$1,900,000 USD
858-373-3176
117 Eastview Dr, Laurel, MS for Sale
$1,900,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | 5.48% Cap Rate

117 Eastview Dr
Laurel, MS 39443


OVERVIEW

117 Eastview Dr is located immediately off US 84 and is less than 5 miles from the I-59. Laurel, MS features four self storage facilities totaling 138,305 SF of rentable space. The subject property comprises approximately 28% of the Laurel, MS self storage market. In 2025, the asset generated $203,055 in gross revenue. While the 2025 NOI was $104,056, there is a value-add component in lowering the management structure/fees, which totaled $56,000 in 2025. The 2025 in-place NOI also featured expenses totaling $7,675 in charitable contributions. The aforementioned expenses allow the new owner to increase their Y1 yield out of the gate. Laurel, MS had a population of 17,679 in 2024 with a median age of 35 years old. The Laurel Micropolitan Statistical Area has a population of 80,000+. Laurel is noted for its revitalized historic district and its energetic art and culture scene. Ownership also owns adjacent land and is open to conversations regarding the disposition of those lots as well. This investment opportunity features a high-demand, low-overhead self storage asset located in a growing, high-traffic region. Positioned to benefit from residential renovations and a lower cost of living, this facility offers immediate rental income potential with space for expansion to maximize cash flow and long-term appreciation

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.86 AC

LAND SF

298,822 SF

ZONING

-

APN/PARCEL ID

136S-34-00-082.00,136S-34-00-083.00,136S-34-00-085.00

ASK ABOUT THIS PROPERTY

Ben TashakorianMarcus & MillichapMore Info
858-373-3176

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Ben TashakorianMarcus & MillichapMore Info
858-373-3176

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.