Need Space Self Storage is a newly constructed, 65,725 net rentable square foot, Class A, fully climate-controlled, three-story self-storage facility comprising 576 units. The property is strategically positioned just off Interstate 55, offering exceptional visibility and convenient access.
The facility benefits from strong surrounding demographics, with over 93,000 residents within a five-mile radius and average household incomes exceeding $87,000, supporting sustained demand for self-storage.
Located along Church Road, the property sits between two major economic corridors: the Goodman Road retail corridor to the north and the Highway 51 bulk warehousing and industrial corridor to the south, providing exposure to both consumer and commercial demand drivers.
Southaven, Mississippi, which directly borders Memphis, Tennessee, is a regional logistics and service hub, situated approximately two miles from Memphis International Airport. The local employment base includes 3,700 transportation and logistics workers, 3,400 retail jobs, and approximately 4,000 positions in direct and ancillary healthcare services, underscoring the area’s economic depth and stability.
INVESTMENT
HIGHLIGHTS
- Bank-owned property following a recent developer default
- Newly constructed Class A self-storage facility totaling 65,725 net rentable square feet across three fully climate-controlled stories, with 576 units.
- Prime location just off Interstate 55, providing exceptional visibility and convenient ingress/egress
- Positioned within strong demographic fundamentals, with 93,000+ residents within a five-mile radius with average household income exceeding $87,000.
- Strategically located on Church Road, between the Goodman Road retail corridor to the north and the Highway 51 bulk warehousing corridor to the south
- Situated in Southaven, Mississippi, which borders Memphis, Tennessee, a major regional economic center
- Proximity to Memphis International Airport (approximately eleven miles) and a robust employment base anchored by logistics, retail, and healthcare services
Broker of record: BRIAN BROCKMAN | Bang Realty of Mississippi, Inc | Bor@bangrealty.com | License: 21542
