Main Street Mini Storage

10,228 NRSF | 102 Units | Tupelo, MS | Offering Price: $950,000

INVESTMENT OVERVIEW

Main Street Mini Storage is a 2-story building offering a multitude of climate and non-climate storage options as well as some larger office/leasing spaces. It is owner-operated and at 80% physical occupancy and 75% economic occupancy. The property is centrally located in Tupelo, MS, and can be easily accessed by customers given its location off West Main Street.

The property offers value-add opportunity for a new investor, including room on the second floor, perfect for storage conversion as well as the opportunity to enhance management operations to improve revenue streams. This opportunity alongside the Tupelo Lock Storage, Hattiesburg 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.

Facility Summary

Property Name Main Street Mini Storage
Address: 627A W Main St, Tupelo, MS 38802
County: Lee
Total NRSF: 10,228
Total Units: 94 Units | 8 Parking
Unit Sizes: 24-1500 SF
Physical Occupancy: 80%
Economic Occupancy: 75%
Buildings: 1 (One)

 

Investment Highlights

  • 10,228 NRSF | 102 Units
  • 80% Physical Occupancy & 75% Economic Occupancy
  • Opportunity to acquire a strong footprint in this specific trade area (See Tupelo Lock Storage, Hattiesburg Mini Storage & MS Value-Add Portfolio)
  • Convenient Location, centrally located in downtown Tupelo
  • Owner-managed facility with upside through improved revenue streams and conversion opportunity

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