Centre Self Storage | 152 Units | 100% Occupied | 6.2% Cap Rate

1650 E Bypass, Centre, AL

$1,700,000

Price

39,030 sqft

Building Size

4.28 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
39,030 sqft
Lot Area
4.28 acres
Occupancy
100%
Description

Opportunity to acquire a 100% occupied, value-add self-storage center. The strong occupancy history suggests rents may be under market. The site has the land, demand and zoning to add an additional approved 6,600 SF, or forty-four 10x15 units.

Located less than 3 miles from Weiss Lake, the property is well-positioned for lake goers needing storage for fishing and camping equipment. The lake is also known as the “Crappie Capital of the World” and sells more out-of-state fishing licenses than any other lake in Alabama, according to the lake’s website.

The economy in Centre is diverse with a mix of businesses servicing both residents and visitors. Given its proximity to Weiss Lake, tourism and outdoor activities are important contributors to the local economy.

Centre, AL

Highlights
  • Strong occupancy history
  • Expansion possible
  • Estimated cost for expansion $294,000
  • Security cameras at entrance and throughout property
  • Fully-gated site with key card only access
  • Traffic counts on E Bypass exceed 6,000 VPD
  • Alabama License #: 000083871-0
Documents
Location
Gallery