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117 Eastview Dr

38,920 SF Specialty Building Offered at $2,150,000 at a 6.04% Cap Rate in Laurel, MS 39443

Investment Highlights

  • Laurel, Mississippi is Located in Southern Mississippi Approximately 25 Miles Northeast of Hattiesburg
  • Market Saturation of 7.5 SF/Capita and No New Developments Planned Within Three Miles of the Site

Executive Summary

The facility is comprised of 4,900 NRSF of climate-control units, 19,950 NRSF of non-climate units, and 14,070 NRSF of enclosed parking units. Opportunity to increase revenue through raising below market rents, specifically on climate control units. The facility could also be subdivided from existing parcels, providing the next owner with 6.86 acres and
ample buildable land for future expansion.

Property Facts

Price $2,150,000
Price Per SF $55
Sale Type Investment
Cap Rate 6.04%
Property Type Specialty
Property Subtype Self-Storage
Lot Size 6.86 AC
Building Size 38,920 SF
No. Stories 1
Year Built 1986

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 136S-34-00-082.00
  • 136S-34-00-083.00
  • 136S-34-00-085.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$94,918
  • Listing ID: 34002988

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 117 Eastview Dr, Laurel, MS 39443

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