Ark Self Storage - Daphne, AL_Property for Sale
Ark Self Storage - Daphne, AL_Property for Sale
9059 Lawson Rd, Daphne, AL, 36526, US

Ark Self Storage - Daphne, AL

Asset Description

Ark Self Storage is a 30,500 square foot facility located in the highest income and fastest growing submarket in Mobile, Alabama. Currently 90.6% occupied, the Property has been family owned and operated since it was developed, and has an excellent occupancy history despite the fact that it has never had a website or any marketing presence. With current rental rates averaging more than 60% below the competitive set average, the Property offers immediate upside for a new owner that is extremely compelling.

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Attributes

Building area net
30,500 sf
Year built
2001
Land area gross
2.28 acres
Occupancy
90.6%
Number of units
263 units

Media

Investment Highlights

  • FAMILY OWNED & OPERATED SELF STORAGE FACILITY
  • 263 UNITS TOTALING 30,500 RENTABLE SQUARE FEET
  • STRONG OCCUPANCY HISTORY WITH NO WEBSITE OR MARKETING SPEND
  • 90.6% OCCUPIED WITH IN-PLACE RENTS AVERAGING MORE THAN 60% BELOW MARKET
  • ATTRACTIVE DAY-1 CASH FLOW WITH IMMEDIATE UPSIDE
  • AFFLUENT RESIDENTIAL TRADE AREA WITH AN AVERAGE HOUSEHOLD INCOME OF $109,000
  • DENSE TRADE AREA WITH 55,600 PEOPLE WITHIN A 5-MILE RADIUS
Ark Self Storage - Daphne, AL 4_Property for Sale

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Last updated
1 Feb 2024