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816 Highway 231 - Troy Self Storage 101,219 SF Specialty Building Offered For Sale in Troy, AL 36081
Investment Highlights
- 102,622 NRSF of Storage Across 4 Properties
- 14.6% Projected Income Growth
- Low Saturation - 7.45 SF/Capita
- Over 32,000 VPD on US-231
- Newly Added Climate Control Location (2020)
- Significant Economic & Residential Growth
Executive Summary
4 Locations:
1) 816 US-231 Hwy, Troy, AL, 36081
2) 111 Pecan St, Troy, AL, 36081
3) 105 Three Notch Lp, Troy, AL, 36081
4) 409 E Walnut St, Troy, AL, 36081
Marcus & Millichap is pleased to exclusively offer Troy Self Storage, a four-property self-storage portfolio located in Troy, Alabama. Strategically positioned just minutes from Troy University, the facilities benefit from a stable student population, consistent rental demand, and strong local economic drivers.
The primary location, situated along Highway 231, enjoys exceptional visibility and accessibility with traffic counts exceeding 32,000 vehicles per day. This high-exposure corridor serves as a major retail and commuter thoroughfare for the market, further enhancing the property’s long-term leasing potential.
Constructed between 1991 and 2020, the portfolio comprises 102,622 net rentable square feet of both non-climate and climate-controlled self-storage across four well-located sites. The diverse unit mix allows an investor to capture demand from a broad customer base, including residential, student, and commercial users.
This offering presents a compelling opportunity to achieve meaningful scale within the Troy market. A new owner can further enhance operations through professional third-party management, revenue management strategies, rental rate optimization, tenant insurance implementation, and other operational efficiencies designed to drive NOI growth and maximize long-term asset value.
1) 816 US-231 Hwy, Troy, AL, 36081
2) 111 Pecan St, Troy, AL, 36081
3) 105 Three Notch Lp, Troy, AL, 36081
4) 409 E Walnut St, Troy, AL, 36081
Marcus & Millichap is pleased to exclusively offer Troy Self Storage, a four-property self-storage portfolio located in Troy, Alabama. Strategically positioned just minutes from Troy University, the facilities benefit from a stable student population, consistent rental demand, and strong local economic drivers.
The primary location, situated along Highway 231, enjoys exceptional visibility and accessibility with traffic counts exceeding 32,000 vehicles per day. This high-exposure corridor serves as a major retail and commuter thoroughfare for the market, further enhancing the property’s long-term leasing potential.
Constructed between 1991 and 2020, the portfolio comprises 102,622 net rentable square feet of both non-climate and climate-controlled self-storage across four well-located sites. The diverse unit mix allows an investor to capture demand from a broad customer base, including residential, student, and commercial users.
This offering presents a compelling opportunity to achieve meaningful scale within the Troy market. A new owner can further enhance operations through professional third-party management, revenue management strategies, rental rate optimization, tenant insurance implementation, and other operational efficiencies designed to drive NOI growth and maximize long-term asset value.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 7.47 AC |
| Property Type | Specialty | Building Size | 102,622 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1991/2020 |
| Zoning | CO | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 7.47 AC |
| Building Size | 102,622 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1991/2020 |
| Zoning | CO |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $723,670 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$723,670 CAD
Contacts
-
Grace Folger -
Stacey Gorman -
Cameron Bradford -
Sam Slocum -
Eddie Greenhalgh -
Marcus & Millichap
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816 Highway 231 - Troy Self Storage
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