Tupelo, Mississippi Storage Portfolio Specialty FOR SALE


Guntown, MS
$4,100,000 USD
404-380-1196
, Guntown, MS for Sale
$4,100,000 USD
Specialty - FOR SALE
1/2
null | 5.55% Cap Rate

Tupelo, Mississippi Storage Portfolio
Guntown, MS


HIGHLIGHTS

  • Below replacement cost offering at $40.77 per square foot for climate and non-climate units.
  • Significantly below market rental rates with 20%+ upside on several unit sizes.
  • Over $150,000 in capital improvements since 2023, including new roofs and security.
  • Current occupancy at 77% under mom-and-pop management with value-add potential.
  • Projected stabilized Year 3 and 4 returns north of 9.8% for investors.
  • Located near new 149,000 SF Target and major employers like Toyota and NMMC.

OVERVIEW

Phillip Carpenter License # C-11708, 8906 (MS) Carpenter Properties, Inc. 1437 Old Square Road, Suite 104 Jackson, MS 39211 (866) 889-0550

ASK ABOUT THIS PROPERTY

Hunter ReynoldsMatthews Real Estate Investment ServicesMore Info
404-380-1196

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Hunter ReynoldsMatthews Real Estate Investment ServicesMore Info
404-380-1196

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