Centre Self Storage | 152 Units | 100% Occupied | 6.2% Cap Rate

For Sale

1650 E Bypass, Centre, AL 35960

This Centre property for sale is located at 1650 E Bypass. The current listed sale price for Centre Self Storage | 152 Units | 100% Occupied | 6.2% Cap Rate is $1,700,000. Centre Self Storage | 152 Units | 100% Occupied | 6.2% Cap Rate is situated on a lot that is 4.28 acre in size.

Contacts

broker

Margaret Blanton

Bull Realty

(404) 876-1640

Property Details

  • Property Type Industrial - Storage
  • Property Size 39,030 SF
  • Lot Size 4.28 Acre
  • Date Updated Apr 6, 2024
  • HVAC None
Centre, ALOpportunity to acquire a 100% occupied, value-add self-storage center. The strong occupancy history suggests rents may be under market. The site has the land, demand and zoning to add an additional approved 6,600 SF, or forty-four 10x15 units. Located less than 3 miles from Weiss Lake, the property is well-positioned for lake goers needing storage for fishing and camping equipment. The lake is also known as the “Crappie Capital of the World” and sells more out-of-state fishing licenses than any other lake in Alabama, according to the lake’s website. The economy in Centre is diverse with a mix of businesses servicing both residents and visitors. Given its proximity to Weiss Lake, tourism and outdoor activities are important contributors to the local economy.

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Highlights

  • Strong occupancy history
  • Expansion possible
  • Estimated cost for expansion $294,000
  • Security cameras at entrance and throughout property
  • Fully-gated site with key card only access
  • Traffic counts on E Bypass exceed 6,000 VPD
  • Alabama License #: 000083871-0

Attachments

Getting around

  • 41/100

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  • 42/100

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Location

  • City Centre, AL
  • Neighborhood Centre
  • Zip Code 35960

Points of Interest

  • McDonald's

    0.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Margaret Blanton

Bull Realty

(404) 876-1640