1799 Friendship Rd Oxford, AL 36203-3221

This exceptional self-storage portfolio comprises three facilities totaling 40,710 net rentable square feet, strategically located within a 35-mile radius in Oxford, Pell City, and Gadsden, Alabama. Currently boasting 283 units and a 69% occupancy rate, this value-add opportunity presents significant upside potential. The portfolio's current NOI stands at $129,556, yielding a 7.73% cap rate, with pro-forma NOI projected at $143,239, resulting in an 8.55% pro-forma cap rate. Below-market rents offer substantial room for rental rate increases across all three locations. Further upside exists through increased physical and economic occupancy, and the addition of tenant insurance revenue, currently untapped, which is estimated to add over $13,000 annually to NOI. The asking price is $1,675,000, translating to $41.14 per square foot. This investment presents a compelling opportunity for significant returns through operational improvements and market rent adjustments. The properties are situated at 1799 Friendship Rd, Oxford, AL 36203