Updated Self-Storage Near Top Demand Drivers | 1300 Schillinger Rd S
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Updated Self-Storage Near Top Demand Drivers 1300 Schillinger Rd S
39,633 SF Specialty Building Online Auction Sale Mobile, AL 36695
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Investment Highlights
- This 244-unit self-storage facility provides a cash-flowing asset with the upside to raise rents to market levels and fill the remaining vacancies.
- Signage fronting the Schillinger Road commercial corridor gives the property visibility to more than 28,000 passing vehicles daily.
- Property has received numerous recent upgrades, including new pavement, roll-up doors, a security system, and an automatic gate.
- Strong supporting 10-mile demographics, including a population of more than 289,000, and consumer spending of over $3.1 billion.
Executive Summary
CBRE is pleased to offer qualified investors the opportunity to acquire the West Park Self Storage facility at 1300 Schillinger Road S in Mobile, Alabama. This 244-unit facility consists of four non-climate-controlled structures, one climate-controlled structure, and outside covered storage. This income-producing asset will be delivered with approximately 76% occupancy and additional value-add potential to increase rents and fill the remaining vacancies.
The West Park Self Storage facility was recently upgraded and offers attractive modern features to a new owner. Recent capital improvements include new pavement, roll-up doors, a new security system, and an automatic security gate at the facility's entrance. The lot has also been subdivided from the retail frontage in preparation for a sale.
A prime location fronting Schillinger Road S provides West Park Self Storage with unmatched visibility to an affluent customer base. This vital commercial corridor is traveled by more than 28,000 vehicles each day. With the newly constructed South Alabama Logistics Park (11 miles south) and the Mobile Regional Airport (2.5 miles north), the daily traffic on this road will continue to increase. Currently, traffic is drawn to the area by multiple nearby shopping centers, offering household name brands including Target, The Home Depot, Walmart Supercenter, Planet Fitness, PetSmart, Aldi, and an AMC Theatre. Schillinger Road connects north to Airport Boulevard and South to Interstate 10, providing easy connections to the greater market.
West Mobile has experienced strong growth, which delivers an impressive demographic profile within 10 miles of the West Park Self Storage Facility. The population currently exceeds 289,000, with an average household income of $69,000. These residents provide robust consumer spending, which totaled more than $3.1 billion during 2024.
Don’t miss this rare chance to acquire a cash-flowing storage business with recent property upgrades and a prime location in Mobile with the West Park Self Storage facility. Property tours are by appointment only. Please contact the CBRE team today to schedule a tour and learn more about this exciting opportunity.
The West Park Self Storage facility was recently upgraded and offers attractive modern features to a new owner. Recent capital improvements include new pavement, roll-up doors, a new security system, and an automatic security gate at the facility's entrance. The lot has also been subdivided from the retail frontage in preparation for a sale.
A prime location fronting Schillinger Road S provides West Park Self Storage with unmatched visibility to an affluent customer base. This vital commercial corridor is traveled by more than 28,000 vehicles each day. With the newly constructed South Alabama Logistics Park (11 miles south) and the Mobile Regional Airport (2.5 miles north), the daily traffic on this road will continue to increase. Currently, traffic is drawn to the area by multiple nearby shopping centers, offering household name brands including Target, The Home Depot, Walmart Supercenter, Planet Fitness, PetSmart, Aldi, and an AMC Theatre. Schillinger Road connects north to Airport Boulevard and South to Interstate 10, providing easy connections to the greater market.
West Mobile has experienced strong growth, which delivers an impressive demographic profile within 10 miles of the West Park Self Storage Facility. The population currently exceeds 289,000, with an average household income of $69,000. These residents provide robust consumer spending, which totaled more than $3.1 billion during 2024.
Don’t miss this rare chance to acquire a cash-flowing storage business with recent property upgrades and a prime location in Mobile with the West Park Self Storage facility. Property tours are by appointment only. Please contact the CBRE team today to schedule a tour and learn more about this exciting opportunity.
Data Room Click Here to Access
- Operating and Financial Statements
- Purchase Agreement
- Title
Property Facts
| Sale Type | Investment | Lot Size | 2.85 AC |
| Sale Conditions | Auction Sale | Building Size | 39,633 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2001 |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 2.85 AC |
| Building Size | 39,633 SF |
| No. Stories | 1 |
| Year Built | 2001 |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 27-07-25-4-000-004 | Improvements Assessment | $651,200 |
| Land Assessment | $173,240 | Total Assessment | $824,440 |
PROPERTY TAXES
Parcel Number
27-07-25-4-000-004
Land Assessment
$173,240
Improvements Assessment
$651,200
Total Assessment
$824,440
Sale Advisors
Sale Advisors
Shannon Tyndall, Vice President
(205) 563-4583
Contact
Shannon Tyndall, a retail industry expert with 24 years’ experience, joined CBRE in August 2017 to serve as a Vice President in our Retail Services practice in Birmingham, expanding CBRE’s presence in the state among retail tenants and landlords. As a native of Birmingham, she has intimate knowledge of the area, culture, needs and opportunities that will enhance CBRE’s retail services in the local market.
Shannon brings a unique perspective and understanding of real estate needs to her clients having served as the Vice President of Real Estate for Books-A-Million. Drawing on in-depth industry experience in both owner and occupier representation, her extensive relationships and experience as a retailer brings trust and commitment to each client and the success of their business.
Currently overseeing a retail portfolio in excess of 5.2 million square feet for institutional and private landlords in the Southeast, she boasts an impressive list of accomplishments and key accounts.
Shannon brings a unique perspective and understanding of real estate needs to her clients having served as the Vice President of Real Estate for Books-A-Million. Drawing on in-depth industry experience in both owner and occupier representation, her extensive relationships and experience as a retailer brings trust and commitment to each client and the success of their business.
Currently overseeing a retail portfolio in excess of 5.2 million square feet for institutional and private landlords in the Southeast, she boasts an impressive list of accomplishments and key accounts.
Jake Parker, Associate
(205) 262-4700
Contact
Jake Parker joined CBRE in August 2023 to serve as an Associate in the Birmingham, AL office. As a native of Montgomery, he has intimate knowledge of the Alabama markets. Jake provides a wide range of services including site selection, landlord representation, tenant representation, as well as representing clients in the acquisitions and dispositions of properties and land.
Prior to joining CBRE, Jake worked for Sullivan Wickley Properties, where he was responsible for acquisitions, site selection, preconstruction management, and assisting in the development of single and multitenant retail properties throughout the Southeast.
Prior to joining CBRE, Jake worked for Sullivan Wickley Properties, where he was responsible for acquisitions, site selection, preconstruction management, and assisting in the development of single and multitenant retail properties throughout the Southeast.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X, LLC Jessica Anne Figueroa RE Brkr 000107846-0 Ten-X, Inc. dba Ten-X Commercial, Inc. Auction Firm C315; Samantha Corbat Auctioneer A5662
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Updated Self-Storage Near Top Demand Drivers | 1300 Schillinger Rd S
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