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315 45th St
Fairfield, AL 35064

$2,430,000 USD

Self Storage For Sale  •  13,108 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 32,838 SF
  • Lot Size 0.78 AC
  • Building Class C
  • Year Built 1956
  • Zoning B3
0 Transit Score
43 Walk Score

Highlights

Strong surrounding population with over 50,000 people living in a 3-mile radius and over 115,000 people living in a 5-mile radius
Very limited supply in a 5-mile radius with only 5.82 square feet per capita
Significant value add opportunity through improved management and reducing expenses
High yields upon stabilization – projected 8.65% Year 2 Cap Rate and 9.93% Year 4 Cap Rate
Strong opportunity to improve physical and economic occupancy and increase revenue quickly

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Birmingham (Crescent - Amtrak) 10 min - 7.3 mi
AirportDriveWalkDistance
Birmingham-Shuttlesworth International 17 min - 12.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Hunter Reynolds 404-380-1196 Matthews Real Estate Investment Services
Hunter Reynolds 404-380-1196 Matthews Real Estate Investment Services