Hattiesburg Mini Storage is in Hattiesburg, MS, and is conveniently located behind a heavily-trafficked retail mall off the Lincoln Road extension. The property was build in 2007 and consists of 76 storage units ranging from 25-300 SF. The current owner began lease-up in April 2022 (no implementation of advertising or management), leaving upside for an investor to effectively acquire new tenants and improve occupancy and income. This opportunity is perfect for a new investor who is looking for a beginner-type of investment in a lucrative industry. Assuming stabilization at Year 1, a new owner will be looking at a cash flow of $40,000/year and $50,000 by Year 2.
This opportunity alongside the Tupelo Lock Storage, Main Street Mini Storage & MS Value-Add Portfolio (also listed on our website) offers a new investor the ability to acquire a strong storage footprint in this trade area.
|Property Name||Hattiesburg Mini Storage|
|Address:||4376 Lincoln Road Ext, Hattiesburg, MS 39402|
|Total NRSF:||12,000 NRSF|
|Total Units:||76 Units|
|Unit Sizes:||23-300 SF|
|Buildings:||2 Drive-Up Buildings|