3-Property Portfolio Greenwood, MS$5,400,000706 Units
The Greenwood Self Storage Portfolio consists of three locations:
Rebel Mini Storage located at 704 Tallahatchie Street serves as the main location including the office. This facility has a total of 98 all non-climate control units encompassing 13,402 rentable square feet. *this location includes 18 portable storage units with one being used as a company unit.
Greenwood Mini Storage is located at 1604 Chickasaw Street and has a total of 444 total units. *this location includes 78 portable storage units. *the Syrasoft Software report lists a total of 447 total units however there are 3 units listed that do not exist and should not be included in the total unit mix therefore there are a total of 444.
Secure Mini Storage is located at 707 US Hwy. 82 and includes a total of 164 total units. This location also includes a commercial office / retail suite that is currently leased to Direct Auto Commercial Insurance and includes 700 rentable square feet. The remaining 160 units are all non-climate control except for 2 that are climate control units. *this location includes 2 portable storage units with one being used for gate / camera equipment.
BE Safe Climate Storage Lease-Up Opportunity$2,500,000 133 Units
Call for Offers Due: March 27, 2024
BE Safe Climate Storage is a lease-up opportunity in Douglas, GA that opened in October 2023. There is 24/7 access, and this facility is fully fenced with video surveillance. The facility consists of 133 climate controlled units that have quickly started to lease up (23% leased currently – 31 units).
This 16,250 RSF facility is centrally located on Bowens Mill Road close to major retailers such as Chic-Fil-A, Harveys Supermarket, Lowes, Starbucks, Publix and a Walmart Distribution Center. Southern GA State College is also very close.
There is limited climate controlled units in the area which sets this facility apart from its competitors.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.