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2440 Central Plank Rd 15,250 SF Specialty Building Offered at $752,263 CAD at a 6.54% Cap Rate in Wetumpka, AL 36092



Investment Highlights
- New Construction
- Strong Rental Demand Area
- Low-maintenance Asset
Executive Summary
Property Facts
| Price | $752,263 CAD | Property Subtype | Self-Storage |
| Price Per SF | $49.33 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.80 AC |
| Cap Rate | 6.54% | Building Size | 15,250 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2002 |
| Price | $752,263 CAD |
| Price Per SF | $49.33 CAD |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 15,250 SF |
| No. Stories | 1 |
| Year Built | 2002 |
About 2440 CENTRAL PLANK RD , WETUMPKA, AL 36092
60-Unit Self Storage Facility | Value-Add Opportunity | Wetumpka, AL Rare opportunity to acquire a 60-unit self storage facility with additional warehouse space and significant upside potential in the Wetumpka / Montgomery market. The property is currently operating at approximately 75% occupancy with below-market rents across multiple unit sizes, creating a clear path for a new owner to increase revenue and overall asset value through standard operational improvements. The facility includes: 60 total storage units 20 units – 12x30 30 units – 12x20 10 units – 10x10 Additional 28’ x 44’ warehouse building Expansion potential for an additional 8–10 units Current ownership has maintained affordable rents, leaving substantial upside for a buyer to bring rates closer to market over time. Larger units in particular appear significantly under market compared to comparable facilities in the surrounding area. Projected upside opportunities include: Increasing rents toward market rates Improving occupancy from ~75% to 90–95% Leasing the warehouse building ($600–$700/month estimated) Adding ancillary income through lock and moving supply sales Constructing additional storage units At the current operating level, the property produces an estimated cap rate of approximately 6%+. With stabilization and market-rate rents, the property has the potential to achieve a 10%+ cap rate and support substantially higher long-term value. This is an ideal opportunity for: Existing storage operators Value-add investors Passive income buyers Small commercial portfolio expansion Call Matt at 334-538-2397 for additional information.
Property Taxes
| Parcel Number | 12-08-33-0-000-020001-0 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $73,981 CAD |
Property Taxes
Presented by
RedClay Deals
2440 Central Plank Rd
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