HIM Self Storage

87,265 NRSF | 559 Units | Decatur, AL (Huntsville MSA) | Offering Price: $10,000,000


HIM Self Storage is a value-add facility that consists of 559 units among 87,265 NRSF located in Decatur, AL which is a suburb of Huntsville. Included is a mix of 49 climate-controlled units, 507 non-climate-controlled units, 4 parking spaces, and a billboard leased to Lamar Advertising for $1500 per year.

HIM Self Storage is the largest and most prominently located facility in Decatur, with excellent visibility along Beltline Rd, which witnesses approximately 30,000 vehicles per day along with a digital sign to boost visibility.

Currently, the facility has strong physical occupancy of 99.2% and economic occupancy of 79.7%, which indicates significant rate upside on in-place tenants in conjunction with continued demand for storage in this trade area. This facility benefits from a lack of sophisticated competition, with the only institutional operator in the market achieving significantly higher rates. HIM Self Storage is being offered free and clear of any existing debt, and is being priced at $10,000,000.

Facility Summary

Property Name HIM Self Storage
Address: 2600 Beltline Rd SW, Decatur, AL 35601
County: Morgan
Total NRSF: 87,265
Total Units: 559
Unit Sizes: 45-1000 SF
Physical Occupancy: 99.2%
Economic Occupancy: 79.7%
Buildings: 19 Storage Buildings


Investment Highlights

  • 79.7% economic occupancy, which indicates significant room to increase rates on existing tenants
  • 87,265 NRSF | 559 Units
  • Few institutional competitors, allowing new ownership to control the market
  • Owner-operated, providing opportunity for improved or professional management

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