Storage Space

$5,750,000 | 55,850 NRSF | 587 Units | Little Rock, AR

Under LOI

INVESTMENT OVERVIEW

Storage Space is an extremely well-maintained facility consisting of 55,850 NRSF among 587 Non-Climate drive up units ranging from 25 to 250 square feet. There are 13 single-story buildings built in 1996, 1998, 2000, and 2017 situated on 23.40 acres with plenty of room for expansion. The facility features secure gated access, an on-site office and hardware shop, strong road visibility, and state-of-the-art wireless security cameras throughout the facility. Currently, the facility is 95% physically occupied, with a 90% economic occupancy. The facility has an average income in a 3-mile radius of $77,694 and a current population of 7,128. The facility also features freshly poured asphalt, electronic signage, and a propane fill-up station. This facility is the largest propane provider in Little Rock, and has a 35k gallon propane tank located on the southern portion of the property, and a 1k gallon tank with a fill-up station located on the northern end (closest to the road).

FACILITY SUMMARY

Property Name Storage Space
Address: 709 Pratt Rd, Little Rock, AR 72206
County: Pulanski
Total Land Area: 23.40 Acres +/-
Total NRSF: 55,850
Total Units: 587
Unit Sizes: 25-250 SF
Physical Occupancy: 95%
Economic Occupancy: 90%
Building Count: 13 Buildings

 

INVESTMENT HIGHLIGHTS

  • 95% Physical Occupancy
  • Road frontage with high visibility
  • Largest propane retailer in Little Rock
  • Situated on 23.40 acres with plenty of room for expansion