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290 Jeff Rd NW - Extra Space Storage (Managed) 23,100 SF Specialty Building Offered at $10,872,000 CAD at a 3.88% Cap Rate in Huntsville, AL 35806
Investment Highlights
- High quality facility totaling ±74,200 NRSF across 456 units in Huntsville, AL
- Strong physical occupancy with 90% unit occupancy and 88% square foot occupancy
- Direct frontage along Jeff Road with average daily traffic counts of approximately 10,580 vehicles
- Originally built in 2018, quickly leased up, and then was expanded in 2023 and is now physically stabilized
- Affluent trade area with $118k in average household income and $95k in median household income
- New $6 Billion pharmaceutical manufacturing facility being developed in Huntsville by Fortune 500 company Eli Lilly
Executive Summary
Broker of Record
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $10,872,000 CAD | Building Class | C |
| Price Per SF | $146.52 CAD | Lot Size | 5.10 AC |
| Sale Type | Investment | Building Size | 74,200 SF |
| Cap Rate | 3.88% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 2018/2023 |
| Property Subtype | Self-Storage | ||
| Zoning | none | ||
| Price | $10,872,000 CAD |
| Price Per SF | $146.52 CAD |
| Sale Type | Investment |
| Cap Rate | 3.88% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 74,200 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2018/2023 |
| Zoning | none |
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290 Jeff Rd NW - Extra Space Storage (Managed)
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