Five Star Storage

114,950 NRSF + 24,000 SF Covered Parking | 570 Units | Hazel Green, AL

Call for Offers:

February 22, 5:00 PM

INVESTMENT OVERVIEW

Five Star Storage is an institutional quality, recently constructed Class A facility consisting of 114,950 NRSF among 570 total units. The facility is located in the outlying suburb of Hazel Green which is a key component of the Huntsville MSA. Included is a mix of 441 single story, drive up units ranging from 100-3,250 SF, 67 fully climate controlled units ranging from 100-300 SF, 40 covered parking spaces with electrical hookups and 22 uncovered outdoor parking spaces. The facility was constructed in 2022 and features a spacious well-appointed leasing office, LED exterior lighting throughout, LED timer lighting in all units, keypad gate access, and 60 4K fiber-optic security cameras throughout with no immediately necessary capital expenditures.

Currently, Five Star Storage is in the early part of its lease-up at 21.9% physical occupancy, offering new ownership the ability to manage rental rates throughout the remaining lease-up period.

Five Star Storage benefits from its visibility along Hwy 431 and is situated in the midst of numerous new retail developments including Culver’s, Starbucks, Wendy’s and Redstone Federal Credit Union. Additionally, the facility is directly adjacent to a large residential subdivision project featuring the addition of over 1,300 single family homes.

INVESTMENT HIGHLIGHTS

  • 114,950 NRSF | 24,000 SF Covered Parking | 570 Units
  • New, State-of-the-art 2022 construction with zero needed capex
  • Directly adjacent to a 1,300 home subdivision under construction
  • Well-secure facility with keypad door access and 4K fiber optic security cameras throughout

FACILITY SUMMARY

Property Name: Five Star Storage
Address: 104 Ina Rae Blvd, Hazel Green, AL 35750
County: Madison County
Land Size: 8.56 Acres +/-
Total NRSF: 114,950 NRSF + 24,000 SF Covered Parking
Total Units:  570 UNITS (441 Non-Climate | 67 Climate)
Unit Sizes: 100 – 3,250 SF
Physical Occupancy: 21.9%
Economic Occupancy: 27.8%
Building Count: 8 Single Story Metal Buildings
1 Covered Parking Building
Access: Keypad Gate Access
60 4K Fiber Optic Security Cameras

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