Tot. SF
35,100
Units
221
4818 N Washington St, Forrest City, AR, 72335
Mini Storage of Forrest Cityclosed
Key Information
Type
Self Storage
Occupancy
97%
NOI
$128,009
Highlights
- Strong historical occupancy over the past several years, despite have virtually no online presence
- Below replacement cost – being offered at $51.28 per NRSF
- Untapped Marketing & Advertising – Currently zero marketing, providing immediate upside through strategic marketing and online presence
- Limited Competition – only 5.13 square feet per capital within a 3-mile radius and 5.23 in a 5-mile radius
- Opportunity to increase Economic Occupancy as it currently sits at 79%
- Attractive stabilized yields in the 8% – 9%+ range
- Expansion capability on the rear of the property
Photos
Location
Agents
H
Hunter ReynoldsLicense # 414787 (GA)
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Kyle Matthews
License # PB00084217 (AR)MREIS AR Real Estate1600 West End, Ste. 1500 Nashville, TN 37203