678-808-2733
816 Highway 231, Troy, AL for Sale
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

816 Highway 231
Troy, AL 36081


HIGHLIGHTS

  • 102,622 NRSF of Storage Across 4 Properties
  • Over 32,000 VPD on US-231
  • 14.6% Projected Income Growth
  • Newly Added Climate Control Location (2020)
  • Low Saturation - 7.45 SF/Capita
  • Significant Economic & Residential Growth

OVERVIEW

4 Locations: 1) 816 US-231 Hwy, Troy, AL, 36081 2) 111 Pecan St, Troy, AL, 36081 3) 105 Three Notch Lp, Troy, AL, 36081 4) 409 E Walnut St, Troy, AL, 36081 Marcus & Millichap is pleased to exclusively offer Troy Self Storage, a four-property self-storage portfolio located in Troy, Alabama. Strategically positioned just minutes from Troy University, the facilities benefit from a stable student population, consistent rental demand, and strong local economic drivers. The primary location, situated along Highway 231, enjoys exceptional visibility and accessibility with traffic counts exceeding 32,000 vehicles per day. This high-exposure corridor serves as a major retail and commuter thoroughfare for the market, further enhancing the property’s long-term leasing potential. Constructed between 1991 and 2020, the portfolio comprises 102,622 net rentable square feet of both non-climate and climate-controlled self-storage across four well-located sites. The diverse unit mix allows an investor to capture demand from a broad customer base, including residential, student, and commercial users. This offering presents a compelling opportunity to achieve meaningful scale within the Troy market. A new owner can further enhance operations through professional third-party management, revenue management strategies, rental rate optimization, tenant insurance implementation, and other operational efficiencies designed to drive NOI growth and maximize long-term asset value.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Troy Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.47 AC

LAND SF

325,393 SF

ZONING

CO

APN/PARCEL ID

1703-0520010-020080

ASK ABOUT THIS PROPERTY

Grace FolgerMarcus & MillichapMore Info
678-808-2733

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

Grace FolgerMarcus & MillichapMore Info
678-808-2733

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