Tallassee, AL Tallassee Highway, Tallassee, AL

$965,000
Sold
SKU: 89089 Tallassee Hwy, Tallassee, AL 36078
Property type: Self Storage

Description

Price
Property Type
Property Sub-type
Building Class
Sale Type
Lot Size
Building Size
No. Stories
Year Built
Zoning Description
APN / Parcel ID
Walk Score ®
$965,000
Specialty
Self-Storage
C
Investment
2.20 AC
27,400 SF
1
1996
Commercial
19 02 03 0 002 011.005
23 (Car-Dependent)
  • 190 units
  • 27,400 RSF
  • Excellent visibility
  • High occupancy
  • Mangement upside

Tallassee Mini Storage, LLC, is located at 89089 Tallassee Highway which is a major east/ west thoroughfare of the city of Tallassee. The facility is situated on 2.2 +/- acres and includes 190 regular storage units consisting of 27,400 rentable square feet. There is some room for limited expansion possibilities as well as surrounding land that could be purchased for future expansions. The property has only had one rental rate increase since 1996, and currently has a 95% economic occupancy.

Contact the Agent

Bill Barnhill, CCIM,PHd

Broker/Principal
Broker/Principal Bill Barnhill, CCIM, PhD., has been involved in the commercial Real Estate Business over 41 years, having specialized for the last 24 years in self storage. Bill holds the prestigious Certified Commercial Investment Member (CCIM) designation and has simultaneously served on the board of directors of both aviation and marine related businesses. He is also a past president of the Alabama Real Estate Securities and Syndication Institute. He is currently President of Omega Properties, Inc., a commercial real estate management and brokerage firm located in Mobile, Alabama. He has been actively engaged with the Alabama Self Storage Association having served as an officer and servers now on the Board of Directors at Cyber Reef Solutions, LLC, (an internet of things company) located in Shreveport La. Experience: As President and owner of Omega Properties, Inc. He has extensive experience in the development and management of self storage facilities. He currently…

Tags