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3615 Mississippi 15
Laurel, MS 39440
Asking Price
$3.60M
Cap Rate
7.47%
Asset Type
Self-storage
Class
Class B
What's Special
Self Storage | 7.47% CAP | 288 Units <ul><li>Cash-Flowing Self Storage Facility Comprised of 218 Climate-Control Units Totaling 28,800 NRSF and 70 Non-Climate Units Totaling 9,350 NRSF.</li><li>Strong Occupancy Numbers and Below-Market Achieved Rents Should Allow for the Implementation of Existing Customer Rent Increases.</li><li>Billboard on the Property is Currently Leased and Provides Additional Non-Storage Revenue.</li><li>Opportunity to Increase Revenue Through Maximizing Occupancy, Fee Income, and Tenant Insurance Sales.<
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NOI
$80,000
Cap Rate
2.23%
DSCR
0.37
Underwater
Cash-on-Cash
-12.37%
Monthly Payment
$17,786.098
Annual Cash Flow
$-133,433.182