NEW LISTING | Fowler Storage Center | Toney, AL (Huntsville MSA)

Fowler Storage Center

Toney, Alabama (Huntsville MSA)

Huntsville, Alabama MSA Self Storage Offering with Upside
Extremely Mismanaged: No Marketing, No On-Site Management, and Currently Closed on Weekends
Recently Completed Large Expansion in March 2023 (Roughly 50% of the NRSF)
Price: $5,500,000
Price/SF: $48.69
Year 3 Cap Rate: 7.85%
Year 4 Cap Rate: 8.30%
Year 5 Cap Rate: 8.77%
Current Physical Occupancy: 50.80%
Current Economic Occupancy: 41.10%
Year Built/Phases: 2006/2012/2016/2018/2023
112,960 Net Rentable Square Feet
32 CC Units | 581 NCC Units | 28 RV Parking Spaces
Great Location & Street Frontage Along Alabama State Route 53
High Daily Trafﬁc Counts: Approx. 9,000 Cars/Day
Growing Surrounding Population: Over 21% Increase Since 2010 Within a Five-Mile Radius, with an Additional 7% Projected in the Next Five Years
Afﬂuent Market: Avg. Household Income Within One, Three, & Five Miles is Above the National Average
Average HHI: 1-Mile: $100,405 | 3-Miles: $101,684 | 5-Miles: $104,308