42 Achy Breaky Ln Greers Ferry, AR 72067-9792
- Commercial land
- 3.29 lot acres
Sep 13, 2021
Current Use by Public Records
- Greers Ferry Storage / Storage Facility
Property Details for 42 Achy Breaky Ln
- Lot size
- 3.29 lot acres
- Property type
- Commercial land
- APN
- 200-00802-009
- APU
- 20000802009
Description
This exceptional self-storage portfolio in Greers Ferry, Arkansas, presents a compelling investment opportunity. Comprising five properties totaling 170,572 square feet across 30.54 acres, this portfolio offers 469 units of mini, boat, and RV storage. Currently operating at 68% occupancy, the portfolio boasts a 7.66% cap rate and a price per square foot of $17.29. The asking price is $2,950,000, or $6,289.98 per unit. The properties are classified as Class B/C drive-up units, strategically located near Greers Ferry Lake and major roadways. Three locations offer significant expansion potential. The portfolio represents 45% of the total trade area supply, with easy access to both the lake and main thoroughfares. While currently managed with an antiquated approach, significant operational improvements are possible, including website upgrades, online rentals, and strategic capital expenditures to enhance curb appeal and functionality. Rental rates are currently 26% below market average, presenting a substantial opportunity for increased revenue. The properties are offered fee simple. The seller retains the right to accept offers prior to the closing deadline. All site visits require prior scheduling. APN numbers are 20000802001C, 20000699003C, 20000874000C, 107069004/108050000. The lease type is NNN.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greers Ferry
- County
- Cleburne
- State
- Arkansas
- Longitude
- -92.1809
- Latitude
- 35.5779
