Leatherwood Self Storage
Closed3807 US-431, Anniston, AL 36206
Property type
Self Storage
Unit / Space count
171
Price
N/A
Building size
36,823 sf
Rentable area
36,823 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Property description
Value-Add Self Storage Facility Strategically Located Along US431 Which Sees 21,379 Vehicles Per Day Facility Includes 36 Climate-Control Units, 132 Non-Climate Units, and 3 Retail Shop Spaces Retail Shops Can Be Quickly Converted to Additional ClimateControl Storage Due to Existing Short-Term Leases. Current Owner Has Converted 3,000 SF Already. Plans Available Opportunity to Increase Revenue Through Steadily Raising InPlace Rents and Bringing Street Rates Up To Market Recent Cap/Ex Improvements Include Keypad Installation for Remote Access, Gate Improvements, Additional Security Cameras, Multiple Roll-Up Door Replacements, Asphalt Seal & Stripe and HVAC Unit Replacements Low Market Saturation Rate of 6.7 SF/Capita For Self-Storage Within Five Miles of the Property Strong Average Household Income of $78,515 Within Three Miles of the Property Anniston, Alabama, is Located Approximately 55 Miles East of Birmingham and is Home to 21,157 Residents The Anniston-Oxford MSA is the 11th Largest in Alabama and is Home to 115,972 Residents