24 Hour Storage
Ocean Springs and Biloxi, MS
Quality Two Property Portfolio
Number of Units
1,335
Number of Properties
2
Total Rentable SQ. FT.
140,600
Total Land Size
7.81
Sale Price
$21,000,000
Cap Rate
5.24%
Cap Rate - Year 5
8.08%
NOI Adjusted
$1,101,155
NOI - Year 3
$1,605,473
 
Two - Class A Storage Facilities
Ocean Springs - 722 Climate Controlled Units / 25 Large Man Caves / 1 Office/Warehouse / 16 Open Parking Spaces 85,150 Net Rentable Square Feet Engineered to meet 161 MPH wind load Biloxi - 553 Climate Controlled Units / 18 Open Parking Spaces 55,450 Net Rentable Square Feet Engineered to meet 161 MPH wind load
Biloxi - 92% Physical Occupancy / 80% Economic Occupancy / Room to Expand / Ability to push Tenant Insurance Penetration / Class A Facility / Large Onsite office / Built in 2023, CO'd in January of 2024
Ocean Springs - Phase One Co'd in 2020 / Phase Two CO'd in October of 2024 Phase One consisted of Primarily larger units / Phase two consisted of over 400 self storage units. Large Onsite Office / Break Room / Billiards Room
Assumable Debt - Biloxi
Assumable 3% Debt until 2032
Location Significance
Strong Gulf Coast location provides convenient access to Biloxi, D’Iberville, Ocean Springs, and nearby residential growth corridors.
Ocean Springs site sits within a vast growing retail corridor with a newly built Chick-fil-A, Chipotle, Starbucks, and other fast food. Biloxi site sits .5 miles from Walmart, .9 miles to Home Depot, 1.2 miles fro Biloxi High School
Ocean Springs Medical Park borders the eastern side of the facility.
Income Streams
Climate Storage Drive Up Storage Contractor Units RV storage Boat storage U-Haul rentals Trailer rentals Moving supplies
24 Hour Storage
1751 Popp's Ferry Rd, Biloxi, MS 39532
Number of Units
571
Land Acres
7.81
Rentable Square Feet
55,450
# of parcels
3
24 Hour Storage
3517 Bienville Blvd, Ocean Springs, MS 39564
Number of Units
764
Land Acres
7.81
Rentable Square Feet
85,250