CubeSmart Self Storage(3rd Party Managed)$9,950,000664 Units
CubeSmart Self Storage (3rd party managed) is a new Class-A facility which opened on August 23, 2023 (ideally located at Ring Road and Tunnel Hill Road). Excellent traffic counts exceeding 20,000 VPD at the intersection on Ring Road. Strong demographics with average household incomes of $101,000 within a 5-mile radius.
CubeSmart is without question the nicest facility in town and all the competitors are 100% occupied and have been for several years. Excellent construction – Rabco building package and BCMI as the GC.
This commercially zoned property is a perfect location for a self-storage facility. It’s located in Hoover, Alabama, just outside Birmingham.
Hoover continues to remain viral, even in a rough economy. In 2022, The City’s Building Inspections Department issued more than 6,000 construction permits valued at almost $600 Million and approved more than 1,000 new business licenses. And, the institute, run by the U.S. Secret Service, will begin a multi-year $23 Million expansion that should allow the number of people it trains in Hoover to grow from about 4,500 a year to nearly 10,000 a year.
The property owner of this site is a local commercial developer, and could be used as an asset in developing this land. The architectural drawings shown in this package could be a great concept for this space.
Located in the heart of Mexia, TX, Sumpter Street Storage is comprised of 18,000 SF of drive-up storage units. To be exact, 97 units in total comprise this property with no expansion land available. The facility is about 15 years old and is managed without a website or current management software. The ideal buyer for Sumpter Street Storage will see the upside potential with current rental rates and will benefit by implementing a web presence and management upgrades.
