NEW LISTING | The Local Storage | Biloxi, MS
The Local Storage
Biloxi, Mississippi
Brand New, Climate Controlled Facility in Biloxi, MS
Estimated Certificate of Occupancy Date: August 2024
Price: $5,000,000
Year 2 Cap Rate: 5.43%
Year 3 Cap Rate: 7.48%
Year 4 Cap Rate: 8.46%
Year 5 Cap Rate: 8.98%
42,725 Net Rentable Square Feet
344 Climate-Controlled Units
Room for Expansion: Original Site Plans Approved for 54,000 NRSF
Great Location & Street Frontage off Old Highway 67
Growing Surrounding Population: 12% Increase Since the Year 2010 Within Five Miles
4.60 Total Acres
VIEW OFFERING MEMORANDUM
LEAD CONTACT: REESE THALER
Investments Associate
Columbus Office
614.360.9804
Reese.Thaler@marcusmillichap.com
License: OH SAL.2021007177
BRETT HATCHER
Senior Managing Director Investments
Columbus Office
614.360.9043
Brett.Hatcher@marcusmillichap.com
License: OH SAL.2006002356
NATHAN COE
Senior Managing Director Investments
Columbus Office
614.360.9801
Nathan.Coe@marcusmillichap.com
License: OH SAL.2015003418
GABRIEL COE
Senior Managing Director Investments
Columbus Office
614.360.9041
Gabriel.Coe@marcusmillichap.com
License: OH SAL.2014003018
BROKER OF RECORD
MICKY DAVIS
MS Broker of Record
Micky.Davis@marcusmillichap.com
License: B-15586
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