5080 Venture DrSouthaven, MS 38671

Property Details for 5080 Venture Dr

Year built

2022

Lot size

20.08 AC

Property type

Self storage facilities

Description

This exceptional Class A self-storage portfolio comprises five properties totaling 262,760 net rentable square feet and 2,080 units within the rapidly growing Greater Memphis metropolitan area. Four Mississippi locations are situated in DeSoto County, while one is in Tipton County, Tennessee. All facilities boast state-of-the-art features including 24-hour digital video surveillance, fully fenced and gated access with coded entry/exit, paved drive aisles, and large on-site management offices. The Southaven location, a three-story building with excellent I-55 visibility, benefits from the city's strong connectivity to major interstates and its proximity to educational institutions and significant retail development, including the Tanger Outlet Mall. Olive Branch locations leverage proximity to Memphis International Airport (MEM), I-55, and I-78, benefiting from the area's robust economic growth fueled by companies like Amazon, FedEx, and Nissan. The Hernando location offers excellent visibility and convenient access to local government, retail, and community hubs, capitalizing on the county's population growth and strong quality of life. Finally, the Munford, Tennessee location, situated on a 6.74-acre parcel, enjoys easy access to I-40, I-69, and MEM, and benefits from the town's family-friendly atmosphere and convenient amenities. The portfolio includes 1,767 climate-controlled units and 313 non-climate-controlled units. Four properties opened in 2024, and one in 2022, all currently experiencing exceptional lease-up. The portfolio sits on a total of 20.08 acres and consists of 27 buildings. The current occupancy is 25%.

Location Insight

City

Southaven

County

DeSoto

State

Mississippi

Latitude

34.9346

Longitude

-89.9977

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