$11,380,000 | 138,950 RSF | Five Star Storage | Hazel Green, AL

Five Star Storage - Confidentiality Agreement + More Info

Colliers is pleased to present, exclusively to qualified investors, the opportunity to acquire Five Star Storage, an institutional-quality self-storage facility strategically positioned in the heart of Hazel Green, Alabama’s high-growth corridor.
Situated on approximately 8.56 acres, the property comprises nine single-story buildings and a two-story management office that includes an unoccupied on-site manager’s apartment. The facility offers 138,950 rentable square feet across 570 units, with sizes ranging from 10’x10’ to 65’x50’. Completed in 2022, the development reflects modern construction standards and operational efficiencies.
The property features a secure sliding gate with keypad access, a spacious management office, a two-bedroom manager’s apartment, 64 high-definition 24-hour video surveillance cameras, extensive landscaping, wide drive aisles, and comprehensive security lighting throughout the site.
Hazel Green is a northern suburb of Huntsville, the fastest-growing city in Alabama and among the top 15 fastest-growing metro areas nationwide. This growth is fueled by a robust technology sector and the aerospace and defense industries. According to Yardi, the current saturation of climate-controlled units within a five-mile radius is just 0.33 square feet per person, significantly below the national average of 7 square feet per person. Total self-storage saturation within the same radius is estimated at 11.22 square feet per person.
The surrounding area has experienced exceptional growth, not fully captured in current demographic data. ESRI reports a five-mile population of over 22,000 residents, projected to increase by an additional 5% over the next four years. The average household income within this radius is $114,433.
Five Star Storage is offered at $11,380,000, representing a stabilized 7.35% cap rate and $81.90 per rentable square foot. This asset presents a compelling opportunity to acquire a best-in-class facility in a rapidly expanding market. Investors will benefit from its prime location, institutional-grade construction, and the region’s sustained economic momentum. Five Star Storage is well-positioned to remain a market leader in rental rates for years to come.