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117 Eastview Dr 38,920 SF Specialty Building Offered at $2,619,473 CAD at a 5.48% Cap Rate in Laurel, MS 39443
Executive Summary
117 Eastview Dr is located immediately off US 84 and is less than 5 miles from the I-59. Laurel, MS features four self storage
facilities totaling 138,305 SF of rentable space. The subject property comprises approximately 28% of the Laurel, MS self
storage market.
In 2025, the asset generated $203,055 in gross revenue. While the 2025 NOI was $104,056, there is a value-add component
in lowering the management structure/fees, which totaled $56,000 in 2025. The 2025 in-place NOI also featured expenses
totaling $7,675 in charitable contributions. The aforementioned expenses allow the new owner to increase their Y1 yield
out of the gate.
Laurel, MS had a population of 17,679 in 2024 with a median age of 35 years old. The Laurel Micropolitan Statistical Area
has a population of 80,000+. Laurel is noted for its revitalized historic district and its energetic art and culture scene.
Ownership also owns adjacent land and is open to conversations regarding the disposition of those lots as well. This
investment opportunity features a high-demand, low-overhead self storage asset located in a growing, high-traffic region.
Positioned to benefit from residential renovations and a lower cost of living, this facility offers immediate rental income
potential with space for expansion to maximize cash flow and long-term appreciation
facilities totaling 138,305 SF of rentable space. The subject property comprises approximately 28% of the Laurel, MS self
storage market.
In 2025, the asset generated $203,055 in gross revenue. While the 2025 NOI was $104,056, there is a value-add component
in lowering the management structure/fees, which totaled $56,000 in 2025. The 2025 in-place NOI also featured expenses
totaling $7,675 in charitable contributions. The aforementioned expenses allow the new owner to increase their Y1 yield
out of the gate.
Laurel, MS had a population of 17,679 in 2024 with a median age of 35 years old. The Laurel Micropolitan Statistical Area
has a population of 80,000+. Laurel is noted for its revitalized historic district and its energetic art and culture scene.
Ownership also owns adjacent land and is open to conversations regarding the disposition of those lots as well. This
investment opportunity features a high-demand, low-overhead self storage asset located in a growing, high-traffic region.
Positioned to benefit from residential renovations and a lower cost of living, this facility offers immediate rental income
potential with space for expansion to maximize cash flow and long-term appreciation
Property Facts
| Price | $2,619,473 CAD | Property Subtype | Self-Storage |
| Price Per SF | $67.30 CAD | Lot Size | 6.86 AC |
| Sale Type | Investment | Building Size | 38,920 SF |
| Cap Rate | 5.48% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1986 |
| Price | $2,619,473 CAD |
| Price Per SF | $67.30 CAD |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 6.86 AC |
| Building Size | 38,920 SF |
| No. Stories | 1 |
| Year Built | 1986 |
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 136S-34-00-085.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $159,478 CAD |
Property Taxes
Parcel Number
136S-34-00-085.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$159,478 CAD
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