751 Sycamore Rd - Self-Storage Facilities FOR SALE


Carriere, MS 39426
$350,000 USD
813-995-6528
751 Sycamore Rd, Carriere, MS for Sale
$350,000 USD
Self-Storage Facilities - FOR SALE
1/8
null | 4.35% Cap Rate

751 Sycamore Rd
Carriere, MS 39426


HIGHLIGHTS

  • Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 4.4 SF/Capita for Self Storage
  • Strong Average Household Income of $90,872 Within Three Miles of the Property
  • Population of 19,082 Residents Within Five Miles of the Property Growing at 1.3% Annually Since the 2020 Census
  • The Picayune MSA is the 10th Largest in the State of Mississippi and is Home to 57,978 Residents

OVERVIEW

This value-add self storage facility comprises 74 non-climate-controlled units, offering a total of 10,200 net rentable square feet. The property presents a compelling opportunity to increase revenue through strategic lease-up and stabilization efforts, as well as by implementing existing customer rent increases. Additional income potential can be unlocked by maximizing fee income and boosting tenant insurance sales.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$34 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sycamore Road Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

5168330000000714

ASK ABOUT THIS PROPERTY

Josh SneadFranklin StreetMore Info
813-995-6528

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Josh SneadFranklin StreetMore Info
813-995-6528

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