The Storage Place portfolio

Helena & Pelham, AL | $10,000,000

This portfolio comprises two self-storage facilities located within a 7.5-mile radius of each other in Helena and Pelham, Alabama, offering strong investment potential & priced at a current 6.09% cap rate. Owned by a local investor, rents are below competitors at both locations.

The Storage Place Helena spans 54,889 SF with 558 units, including 154 RV spots, priced at a 6.02% cap rate. It benefits from strong demographics, with 36,276 residents within 3 miles and 78,108 within 5 miles, and an average income over $120K. The market has low storage saturation (5.12 units per person in 3 miles and 6.28 in 5 miles), offering rental growth potential, and the area has a business-friendly environment, low taxes, and a skilled labor pool. Over $260M in multi-family development is also underway.

The Storage Place Pelham is a 46,245 SF facility with 237 units and 96% occupancy, priced at a 6.23% cap rate. With 59,694 residents within 5 miles and 30% population growth since 2000, Pelham benefits from $475M in multi-family development. Located near two I-65 exits, it offers easy access to Huntsville, Atlanta, and Nashville. Owned by a local investor, it has significant upside potential, with rents below competitors like Metro Mini Storage and Extra Space Storage.

Broker of record: BRIAN BROCKMAN | Bang Realty-Alabama Inc | bor@bangrealty.com | License: 119315

862.591.7070 | Meir@Grandstoneis.com

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