244 Unit Self Storage | Value Add, Southeast Location

Highlights:

• Established Self-Storage Asset: Purpose-built facility with proven use type and durable demand fundamentals.
• Strong Physical Footprint: Approximately 39,633 SF on a 2.85-acre lot, supporting operational flexibility and long-term utility.
• High-Visibility Corridor Location: Positioned near major thoroughfares with nearby traffic counts on Schillinger Road exceeding ~22,000–29,000 VPD.
• Attractive West Mobile Demographics: Within 3 miles: 49,076 population and 20,776 households, supporting ongoing storage demand from surrounding rooftops.
• Employment & Daytime Demand Support: Approximately 21,029 daytime employees within 3 miles, helpful for small business, contractor, and commercial storage users.
• Regional Economic Drivers: Mobile benefits from diversified Gulf Coast employment sectors including port logistics, industrial manufacturing, shipbuilding, and distribution.

Description:

Ri Marketplace Online Auction March 23-25, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3000/244-unit-self-storage-value-add-southeast-location?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3000

Magnolia Self Storage is a 244 unit, 58% occupied self-storage facility situated in Mobile, Alabama. The property contains approximately 39,633 SF of gross building area on a 2.85-acre site and was built in 2001 with recent, significant capital expenditures (see Document Vault/Financials). The location benefits from strong neighborhood accessibility and proximity to major residential rooftops, employment drivers, and retail corridors along Schillinger Road, one of Mobile’s primary suburban arteries.

The surrounding trade area supports consistent storage demand, anchored by dense suburban housing and steady employment. Within a 3-mile radius, the market includes approximately 49,076 residents, 20,776 households, and 21,029 daytime employees, positioning the property in a balanced “need-based” demand environment where self-storage remains a resilient asset class.

Mobile, AL serves as a key Gulf Coast logistics and industrial hub, driven by the Port of Mobile, aerospace/manufacturing, shipbuilding, and regional distribution activity tied to the I-10 corridor. This economic backbone, combined with steady population density in the West Mobile area, creates a favorable backdrop for long-term self-storage occupancy and rent growth.


Daniel Culps
c/o Fisher Auction Company Inc.
License: 5070
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: