Deer Creek Mini Storage & Highway 165 Storage are well-maintained facilities consisting of 47,204 NRSF among 305 Climate and Non-Climate units ranging from 40 to 300 square feet across seven single-story buildings and is situated on approximately 6.16 acres of land. The facility features secure gated access, an on-site office, strong road visibility, and security cameras throughout. Currently, the facilities are 91% physically occupied with an 87% economic occupancy.
The facilities are located in high-income areas, with the average income for a 3-mile radius for Deer Creek Mini Storage being $94,843 and Highway 165 Storage is $98,600. Deer Creek Mini Storage also boasts a 14.9% population increase in a 5-mile radius since 2010, with Highway 165 having a 10.6% population increase. Both facilities are located with prominent signage and road visibility, with Deer Creek Mini Storage receiving daily traffic counts in excess of 26,400 and Highway 165 Storage receiving daily traffic counts in excess of 6,900. The facility is priced at $2,850,000 which equates to $60 PSF and a cap rate of 7.33% in year 2.
|Property Name||Deer Creek & Highway 165 Storage|
|Address:||12 Douglas Road, Cabot, AR 72023
10056 US-165, Scott, AR 72142
|Land Area:||6.16 Acres +/-|
|Total NRSF:||47, 204|
|Total Units:||305 (Climate & Non-Climate)|
|Unit Sizes:||40-300 SF|