3005 N Midland Dr - Self-Storage Facilities FOR SALE


Pine Bluff, AR 71603
$830,000 USD
3005 N Midland Dr, Pine Bluff, AR for Sale
$830,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | Request Cap Rate

3005 N Midland Dr
Pine Bluff, AR 71603


OVERVIEW

- Value-Add Self Storage Facility Offered at a Very Low Basis and Comprised of 153 Non-Climate Units Totaling 26,868 Net Rentable Square Feet and Two Commercial Spaces Totaling 840 Square Feet. - Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases. - The Facility Includes Two Vacant Commercial Suites That Are Ready to Rent, Offering Additional Upside to the Buyer. - Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Mandates. - The Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place. - Some recent Capital Improvements to the Property Include New Gate Controllers, Security Cameras, and Asphalt Paving - There is a Healthy Population of 27,849 Residents Within Three Miles of the Facility. - The Pine Bluff MSA is the 8th Largest in the State of Arkansas and is Home to 83,907 Residents

FOR SALE DETAILS

PRICE

$830,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Forward Storage - Pine Bluff, AR

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

-

APN/PARCEL ID

930-50908-000

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