Property Listing No Longer Available for Sale

40390 Highway 59 south, Bay Minette, AL

Storage for Sale - $599,000


Property Info

CIMLS#12013
Location
  40390 Highway 59 south
  Bay Minette AL 36507
UpdatedMarch 17th, 2009
TypeStorage
Price$599,000

Property Description

This 170 unit mini storage is fully leased out. Built in late 2005, it is practically brand new. Total PRI is $6,090 based on current rents. There are 116 climate controlled units, with additional acreage for expansion. Located on busy Hwy 59, the property has excellent exposure. Great investment potiential.

Building 1: 25 x 145 =3625 SF

Building 2: 25 x 142 =3550 SF

Building 3: 70 x 135 =9450 SF

Located on the corner of Pine Grove Rd. Ext. west and Hwy 59 south.

19800 CPD

100% Occupancy


Financials

Total PRI is $6,090 based on current rents.

Cap Rate 10%