AAA Storage is a heavy value-add self-storage facility consisting of 48,525 NRSF among 257 drive-up self-storage units. Currently, the facility is 68% physically occupied, with an economic occupancy of 54%. AAA Storage Hattiesburg is extremely mismanaged, offering a new operator multiple upsides immediately upon takeover, including further lease-up, rental rate management, and driving ancillary income sources such as tenant insurance and retail sales.
AAA Storage Hattiesburg is well located and benefits from its proximity to a number of multifamily communities, national retailers, and the University of Southern Mississippi.
AAA Storage Hattiesburg is priced at $1,750,000 which represents $36 PSF and a 7.28% Cap Rate in Year Two.
Address: 603 Thornhill Dr, Hattiesburg, MS 39402
Cap Rate: 7.28% Year 2 Cap Rate
Drive Up Units: 257
Occupancy: 68% (Physical) | 54% Economic
Unit Sizes: 50-900 SF