Listing Summary
Southern Storage of Foley presents an excellent Self-Storage investment opportunity with a price of $1,375,000 and a cap rate of 7.10%.
Full Description
John 14:6: Jesus said to him, "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."
Southern Storage of Foley: A Turnkey, High-Growth Self-Storage Investment
Southern Storage of Foley presents an exceptional self-storage investment opportunity priced at $1,375,000 with a solid 7.10% cap rate. This facility offers 19,590 enclosed square feet, including 3,600 square feet of climate-controlled space, and is currently 90% occupied. Significant upside exists through rent increases, supported by a clear 12-month upward rate trend and sustained demand.
Strategically located just 25 minutes north of the beach, this property benefits from its prime position in an area experiencing robust population growth of 3.75%. Its adjacency to multiple new housing developments and proximity to major local employers like Baldwin Health, Collins Aerospace, Walmart, and Foley Municipal Airport further bolster demand. High visibility is ensured by a daily traffic count of 25,760 cars.
This is a true turnkey operation with no immediate repair or renovation needs. Recent 2024 renovations include freshly painted unit doors, a fixed electric gate, a replaced underground sewer pipe, the clearing of 12 delinquent tenants, and the installation of solar-powered cameras for enhanced security. Managed efficiently with StorEdge Management Software and remote capabilities, the facility promises streamlined operations and ease of management.
With stable cash flow, recent upgrades, and an added layer of security from being across the street from the Police Station, Southern Storage of Foley is strongly positioned for continued success. Its combination of robust local demand, minimal ongoing maintenance, and a strategic location makes it a high-potential investment opportunity.
Quick Glance
- Listing ID:
CL-Alabama-25923
- Status:
Active
- Year Build:
2015
- Building Size:
19,590 SqFt
- Lot Size:
N/A