Pensacola, FL 2-Property PortfolioCall for Offers1,897 Units
Call for Offers Due: Wednesday, June 5, 2024
A+ Mini Storage of Pensacola and A+ Mini Storage of Downtown Pensacola, is a 2-property self-storage portfolio located in Pensacola, FL. These are Class A, institutional-quality assets in immaculate condition. Both locations combined are comprised of a total of 1,897 units which includes a total 284,725 rentable square feet of climate control, non-climate control and boat/RV parking. The boat/RV parking includes open parking, covered parking and four (4) fully enclosed units.
A+ Mini Storage of Pensacola is located on Palafox Street. This location has a 1,500 square foot office that includes a manager’s office, a large conference room, three private offices, a kitchen, a half bath and a full bath. This property is fully fenced with keypad access.
A+ Mini Storage of Downtown Pensacola is located on W. Navy Boulevard. In addition to the on-site manager’s office, there is an 1,800 square foot apartment situated on the third floor of the 3-story climate control building. The apartment includes two (2) bedrooms, two (2) full baths, a living room, kitchen and private laundry room.
3-Property Portfolio Greenwood, MS$5,400,000706 Units
The Greenwood Self Storage Portfolio consists of three locations:
Rebel Mini Storage located at 704 Tallahatchie Street serves as the main location including the office. This facility has a total of 98 all non-climate control units encompassing 13,402 rentable square feet. *this location includes 18 portable storage units with one being used as a company unit.
Greenwood Mini Storage is located at 1604 Chickasaw Street and has a total of 444 total units. *this location includes 78 portable storage units. *the Syrasoft Software report lists a total of 447 total units however there are 3 units listed that do not exist and should not be included in the total unit mix therefore there are a total of 444.
Secure Mini Storage is located at 707 US Hwy. 82 and includes a total of 164 total units. This location also includes a commercial office / retail suite that is currently leased to Direct Auto Commercial Insurance and includes 700 rentable square feet. The remaining 160 units are all non-climate control except for 2 that are climate control units. *this location includes 2 portable storage units with one being used for gate / camera equipment.
Generations Self Storage sits on 3.34 acres with 42,115 NRSF within one large climate-controlled building and three non-climate drive-up buildings. There are 236 climate-controlled units and 128 non-climate-controlled units. The property has on on-site office and two bathrooms. The property is fully fenced, has remote access through the building and electronic gate and has security cameras inside and out. There is additional land for expansion behind the dollar general.
Generations Self Storage is located on the west side of Mobile, AL and in the path of growth. Due to growth being restricted to the east and the south, West Mobile is the future of this growing coastal city. The property is located within proximity of large residential development with over 1,600 residential units under construction in West Mobile, and more on the way. Professional Management and onsite personnel will drive a quicker lease-up. The property opened in April of 2023 and is currently 18% physically occupied.
County Road 64 Storage is comprised of two locations in Daphne, AL. The main location is located at 10870 County Road 64, and the annex is located at 10371 County Road 64, which is approximately ½ mile apart.
The main location is comprised of four buildings which includes 224 climate control units and 282 non-climate control units. Additionally there are 165 open boat & RV parking spaces. This location is entirely fenced and gated with an electronic keypad access gate. It is also monitored with 18 security cameras. There is an onsite office with a small break area as well as an attached garage with a roll-up door that is used for company storage.
The annex location is comprised of 9 warehouse units that are 1,000 rsf each. Additionally there are 15 open boat & RV parking spaces. This location is also entirely fenced and gated with an electronic keypad access gate.
Value-add opportunities include implementing a tenant insurance program, increasing management efficiency, adding an online rental program and utilizing the expansion land.
Beard Storage is a meticulously maintained, four-building facility located in the heart of Sherman, MS.
Sherman is an excellent market with local and neighboring companies such as Toyota Automotive, Ashley Furniture and Mississippi Medical Healthcare. This facility is located next to Dove Creek, a relatively new and growing neighborhood, and it has excellent visibility from MS-178. The property is open, flat and includes an easy-access driveway.
Beard Storage has run a solid business for years and is continually expanding to add more opportunities. This location is ready for the right person to capitalize on its value-add opportunities and take it to the next level. These opportunities include but aren’t limited to: automation, building additional storage units on the pre-zoned land, increasing rental rates, implementing a tenant insurance program, and creating a website/social media marketing platform.
Daphne Toy Box Storage was built in 2022 and is located at 9655 Milton Jones Road in Daphne, AL. The facility is between four-laned Hwy. 181 to the east and County Road 13 to the west, both intersecting with nearby County Road 64 (Daphne Avenue) to the north. This area is one of the fastest growing in Alabama with many new subdivisions in the area and additional ones in the planning stages.
The property is +/- 8.8 acres with a gated entrance and 6’ fencing around the entire perimeter. There are currently five buildings with 62,490 rentable square feet with 199 total units consisting of 96 non-climate units and 103 climate controlled units, ranging in unit sizes from 180 SF to 900 SF. Four additional buildings have been approved with the opportunity to increase the square footage by another 63,121 rentable square feet.
Daphne Toy Box Storage has a leasing office that is 306 square feet with a lobby for customers and a separate office and breakroom for employees. There is also 594 square feet of rentable office space with a lobby, conference room and an office with storage closet. There is a shared restroom between the two spaces.
The property lot size is approximately 17+/- acres and can be sold in all or part. The property elevation is overall good and the property has two curb cuts on four lane Schillinger Road. The demographics indicate a demand for storage based on the population and current existing available storage in the market area.
