For Sale
$1,675,000
1799 Friendship Rd Oxford, AL 36203
High-Yield Self Storage Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Below-market rents offer significant upside potential for rental rate increases.
- Three strategically located facilities totaling 40,710 square feet within a 35-mile radius.
- Significant opportunity to increase both physical and economic occupancy; current physical occupancy is 69%.
- High projected stabilized yields: 8.55% Year 2 Cap Rate and 9.48% Year 4 Cap Rate.
- Over $13,000 in annual Net Operating Income (NOI) can be realized by implementing tenant insurance programs.
Property Details for 1799 Friendship Rd
- Property type
- Self storage facilities
- Units
- 283
Location Insight
- City
- Oxford
- County
- Calhoun
- State
- Alabama
- Latitude
- 33.5868711
- Longitude
- -85.8043984
Nearby Similar for Sale
FAQs
- What type of property is this?
- Self storage facility - High-Yield Self Storage Investment
- Where is the self storage facility located?
- The property is located at 1799 Friendship Rd Oxford, AL.
- What is the asking price?
- The asking price for this property is $1,675,000.
- What are key features of this property?
- This property features: Below-market rents offer significant upside potential for rental rate increases.; Three strategically located facilities totaling 40,710 square feet within a 35-mile radius.; Significant opportunity to increase both physical and economic occupancy; current physical occupancy is 69%.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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