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1321 Highway 42
Petal, MS 39465

$5,200,000 USD

Self Storage For Sale  •  38,950 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 38,950 SF
  • Lot Size 2.58 AC
  • Year Built 2022
  • Cap Rate 5.98 %
0 Transit Score
17 Walk Score

Highlights

Class A facility Built in 2022 / Retail Location
Opened in July of 2022 / Achieved 61% Occupancy by December 2023 / Currently 83%
Located 0.8 Miles From Petal High school
Located Directly off of Highway 42 / Excellent Visibility and Traffic Count
38,950 NRSF / 282 Climate Controlled Units

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $331,730 USD (2025)
Cap Rate: 5.98 %
Total Expenses: $120,398 USD

Public Transportation

Commuter RailDriveWalkDistance
Hattiesburg Amtrak Station (Crescent - Amtrak) 13 min - 6.5 mi
Matthew Porter 901-620-3600 Marcus & Millichap
Matthew Porter 901-620-3600 Marcus & Millichap