1204 Wm F Gardiner Ave Tuscumbia, AL 35674

This exceptional self-storage portfolio in Tuscumbia, Alabama, presents a compelling investment opportunity. Comprising two facilities totaling 61,600 net rentable square feet and 420 units, this property offers significant upside potential. Built between 2018 and 2022, the portfolio includes 20 buildings across 5.21 acres. Currently generating a NOI of $171,475, with a pro-forma NOI of $350,376, and an asking price of $4,000,000, this represents a 4.29% cap rate and a pro-forma cap rate of 8.76%. The portfolio features quality amenities such as asphalt drive aisles, automatic gates, perimeter fencing, and security cameras. Two commercial spaces, totaling 4,200 square feet, are fully leased, contributing over $50,000 in annual revenue. One facility at 1204 Wm F Gardiner Ave has 20,200 net rentable square feet and is 74% occupied, while the other at 165 Mitch Ave boasts 37,200 net rentable square feet and 24 outdoor parking spaces, with 47% occupancy. Revenue growth opportunities exist through lease-up, stabilization, rent increases, and potential expansion by replacing outdoor parking with additional storage buildings. Located in the rapidly growing Florence-Muscle Shoals MSA, this portfolio offers a strong return on investment in a desirable market. The properties are situated in Colbert County, Alabama, with convenient access to major transportation routes.