Jasper Storage Units
Closed1110 1st St NW, Jasper, AL 35503
Property type
Self Storage
Unit / Space count
272
Price
N/A
Building size
31,659 sf
Rentable area
31,659 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
1.61 Acres
Sold/status
Sold · Date unknown
Property description
Value-Add Self Storage Facility Offered at Significantly Below Replacement Cost Facility Features a Variety of Non-Climate Unit Sizes Totaling 31,659 Net Rentable Square Feet and 272 Units Current Street Rates are ~30% Below Market, Allowing for High Upside Through Rent Increases Low Economic Occupancy Presents Opportunity to Capture Increased Revenue Through Efficient Leasing & Management Facility is Configured for Remote Operations, Allowing for a Seamless Transition to New Ownership Property is Located Behind the Parkland Plaza Shopping Center and Just Off State Route 5 (11,377 VPD) Jasper, Alabama, is Located Approximately 30 Miles Northwest of Birmingham and is Home to 14,270 Residents New gate has been ordered which will either be installed prior to closing, or will be credited to the buyer post closing Seller willing to carryback a portion of the purchase price in the second position