2212 US-51 Hwy - Self-Storage Facilities FOR SALE


Madison, MS 39110
$2,600,000 USD
251-432-1287
2212 US-51 Hwy, Madison, MS for Sale
$2,600,000 USD
Self-Storage Facilities - FOR SALE
1/5
null | Request Cap Rate

2212 US-51 Hwy
Madison, MS 39110


HIGHLIGHTS

  • Fully fenced and gated
  • Offers covered and uncovered parking spaces
  • Located just north of the intersection of Highway 51 and West Sowell Road
  • 24/7 keypad access & 24/7 video surveillance

OVERVIEW

Storage 51 is a boat & RV storage facility located just north of the intersection of Highway 51 & West Sowell Road in Madison, MS. The facility opened in the fall of 2019 and includes a total of 199 parking spaces encompassing 81,708 rentable square feet of open and covered boat & RV parking. There are a total of 72 covered parking spaces and of those 72, 68 have access to power. There are two options available for power and those are as follows: •110 amp power service is available for an additional $15 per month •30 amp power service is available for an additional $25 per month (Note: the first 16 covered spaces have access to both power supply options while the rest only have 110 amp service). The remaining 4 covered spaces are located in the rear of the property and do not have power service available. The facility is completely fenced and has a keypad access gate for entry and exit purposes. The facility is operated remotely however there is an on-site office with a full bathroom and large, conditioned warehouse storage area with two large roll-up doors on each end. At present, this warehouse storage area is used by the owner. However, it could be modified and a portion converted to an additional storage unit to be rented out.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$32 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Storage 51

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

146

LAND DETAILS

LAND ACRES

5.12 AC

LAND SF

223,055 SF

ZONING

C2

APN/PARCEL ID

082F-14-015-00-00

ASK ABOUT THIS PROPERTY

William BarnhillOmega Properties, Inc.More Info
251-432-1287

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William BarnhillOmega Properties, Inc.More Info
251-432-1287

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