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)
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.
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…