4590 Overton Rd Birmingham, AL 35210-3842

This exceptional Class A self-storage portfolio in Birmingham, Alabama, presents a compelling investment opportunity. Comprising two strategically located facilities at 4590 Overton Rd and 5215 Caldwell Mill Rd, the portfolio boasts a combined 182,300 net rentable square feet across 1,540 units. Built in 2018 and 2019, these three-story buildings sit on approximately 5.61 to 6.81 acres of land. Currently operating at an 83% occupancy rate (as of November 1, 2024), the portfolio offers significant upside potential. The properties feature ample parking, multiple entry points, robust security, and high-quality construction. Their locations benefit from substantial recent and ongoing residential and commercial development in the surrounding areas, totaling billions of dollars in investment. The portfolio's strong performance is further enhanced by the opportunity to increase revenue through higher tenant insurance penetration, currently at 37%. This fee-simple ownership offers a 6.00% cap rate, making it an attractive investment in a stable, modestly growing market. The portfolio's exceptional features and prime location within a thriving Birmingham MSA make it an ideal acquisition for institutional investors seeking a high-quality, stabilized self-storage asset.