Offering Memorandum · Loan Amount $409,229 Net Cash Flow After Debt Service 8.75% / $15,338 9.25% / $16,219 Loan Type Financed Interest Rate / Amortization 5.50% / 20 Years Total

FORT PAYNE MINI STORAGE156 45th St NE • Fort Payne, AL 35967

Offering Memorandum

1

N O N - E N D O R S E M E N T A N D D I S C L A I M E R N O T I C E

Confidentiality and DisclaimerThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and

should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified

information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due

diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the

future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or

asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any

tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be

reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these

matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to

verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

Non-Endorsement NoticeMarcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or

name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product,

service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.

PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

FORT PAYNE MINI STORAGE

Fort Payne, AL

ACT ID Z0230613

2

TABLE OF CONTENTS

SECTION

INVESTMENT OVERVIEW 01Offering Summary

Regional Map

Local Map

Aerial Photo

Property Photo

FINANCIAL ANALYSIS 02

Rent Roll Detail

Pricing Detail

Acquisition Financing

MARKET OVERVIEW 03

Demographic Analysis

MARKET COMPARABLES 04

Rent Comparables

Sales Comparables


3


4

INVESTMENT

OVERVIEW


#

OFFERING SUMMARY

5

EXECUTIVE SUMMARY

MAJOR EMPLOYERS

EMPLOYER # OF EMPLOYEES

Curotto-Can LLC 1,623

Cooper Hosiery Mills Inc 905

Times Journal 695

Fruit of The Loom 500

Fort Payne City Board Educatn 270

Heil Co 200

UPS 158

Ben Mar Inc 150

Crowne Health Care 142

W Y Shugart & Sons Inc 122

Western Sizzlin Steakhouse 120

Robin Lynn Mills Inc 116

VITAL DATA

CURRENT YEAR 1

Price $584,612 CAP Rate 8.40% 8.55%

Down Payment 30% / $175,383 Net Operating Income $49,118 $49,999

Loan Amount $409,229Net Cash Flow After Debt Service

8.75% / $15,338 9.25% / $16,219

Loan Type Financed

Interest Rate / Amortization 5.50% / 20 Years

Total Units 202

Rentable SF 24,480

Price Per Rentable SF $23.88

Number of Buildings 2

Number of Stories 1

Year Built / Renovated 1986 / 2018

Lot Size 2.34 acre(s)

PROPOSED FINANCING

FIRST TRUST DEED

Loan Amount $409,229

Loan Type Financed

Interest Rate 5.50%

Amortization 20 Years

Loan Term 10 Years

Loan to Value 70%

TRAFFIC COUNTS

STREET NAME CROSS STREET YEAR COUNT

State Hwy 134 2008 1,352

New Hope Cedar Point Rd Maples Ln 2015 920

New Hope Cedar Point Rd Cherry Tree Rd 2015 850

5


OFFERING SUMMARY

▪ Operating at 87% physical occupancy.

▪ Ability to expand by approximately 1,500 square feet.

▪ There is room to increase rental rates.

▪ All current tenants pay by credit card.

INVESTMENT HIGHLIGHTS

Fort Payne Mini Storage is a 24,480 net rentable square foot self storage facility situated on approximately 2.34 acres of land in Fort Payne, Alabama. The subject property

was built in 1986 and was recently renovated in June of 2018. The facility has 202 non climate controlled drive up units and an office within two buildings. The self storage

units range in size from 72 to 288 square feet. Amenities at this property include, but are not limited to security lighting, parking, lighted units, and a manager's office.

Fort Payne, Alabama is conveniently located on Highway I-59 and has easy access to several other interstate systems including I-75, I-65, and I-20, encouraging

businesses and industries to develop here. Additionally, the Northfolk-Southern Railroad traverses through the city from a southwest to northeast direction providing

freight transportation from the Gulf Coast to the Northeast. This ideal location for transportation allows major manufacturing companies such as Siemens Energy, Koch

Foods, and Ferguson Enterprises to operate here. Additionally, Fort Payne is located in the valley of Lookout Mountain which serves as a highly desired place for tourist to

come and enjoy the beauty of the Appalachian foothills. Desoto State Park, Little River Canyon National Preserve, and High Falls Park are all unique destinations that

attract tourists from across the country year-round.

Fort Payne Mini Storage is conveniently located on the north end of the city and is less than .5 miles from the elementary, middle, and high school. There is only 6.37

square feet per capita within a 5 mile radius of the subject property indicating an under served self storage market. The two main competitors in this market are larger

facilities, both managed remotely. One of the competitors has approximately 500 units and the other competitor has approximately 25,000 square feet of storage. Remote

management is an ideal option for a new owner at this site looking to maximize returns. There are software options that cost an initial fee of approximately $1,500 and with

monthly payments around $59. This suggests that an investor could forego the cost of onsite management and input a remote management software to increase the NOI.

Offered at $584,612 this acquisition represents a 8.4% CAP rate based on 2017 year end revenue. Priced at $23.88 per square foot and operating at an 87% physical

occupancy, this asset presents a unique opportunity for an investor to acquire a cash flowing self storage property below replacement cost in Northern Alabama. This

acquisition offers the benefits of cash flow from day one of operations as well as the ability to add value to the facility through expansion, remote management, and

increasing below market rental rates.

INVESTMENT OVERVIEW

6


PROPERTY SUMMARY

OFFERING SUMMARY

THE OFFERING

Property Fort Payne Mini Storage

Price $584,612

Property Address 156 45th St NE, Fort Payne, AL

Assessors Parcel Number 14-08-27-0-001-033.037

Zoning Industrial

SITE DESCRIPTION

Total Units 202

Number of Buildings 2

Number of Stories 1

Year Built/Renovated 1986/2018

Rentable Square Feet 24,480

Lot Size 2.34 acre(s)

Type of Ownership Fee Simple

CONSTRUCTION

Foundation Poured Concrete

Framing Steel

Exterior Walls Block

Parking Surface Gravel

Roof Screw Down

MECHANICAL

Security Security lighting

7

DEMOGRAPHICS

1-Miles 3-Miles 5-Miles

2017 Estimate Pop 1,953 6,392 13,697

2010 Census Pop 1,992 6,376 13,649

2017 Estimate HH 648 2,321 5,142

2010 Census HH 664 2,326 5,154

Median HH Income $38,457 $47,266 $42,555

Per Capita Income $18,521 $24,886 $21,905

Average HH Income $55,828 $68,179 $58,113

REGIONAL MAP


8

LOCAL MAP


9

AERIAL PHOTO


10

Fort Payne Mini Storage

Marcus & Millichap closes

more transactions than any

other brokerage firm.

12


11

PROPERTY PHOTO


12

FINANCIAL

ANALYSIS

RENT ROLL


13

Unit Type: Self Storage Units

Size Total UnitsRented

UnitsUnit SqFt Total SqFt

Rented

SqFtRate

Monthly

Gross Pot

Occupied

Gross Pot

Annual

Gross PotRent PSF # Units SqFt

Occupied

Economic

6x12 104 77 72 7,488 5,544 $29.00 $3,016 $2,233 $36,192 $0.40 74.0% 74.0% 74.0%

12x12 78 78 144 11,232 11,232 $44.00 $3,432 $3,432 $41,184 $0.31 100.0% 100.0% 100.0%

12x24 20 20 288 5,760 5,760 $67.00 $1,340 $1,340 $16,080 $0.23 100.0% 100.0% 100.0%

TOTALS 202 175 24,480 22,536 $7,788 $7,005 $93,456 $0.32 86.6% 92.1% 89.9%

TOTAL 202 175 24,480 22,536 $7,788 $7,005 $93,456 $0.32 86.6% 92.1% 89.9%

UNITS MONTHLY RENT OCCUPANCY

PRICING DETAIL


14

Income

Marcus & Millichap

Underwriting Pro Forma

Scheduled Base Rental $93,456 $96,260 3%

Scheduled Economic Vacancy ($9,396) 10.1% ($4,813) 5.0%

Discounts and Concessions $638 -0.7% ($4,813) 5.0%

Scheduled Gross Rental Income $84,698 $86,634

Other Income $0 $1,732.67 2%

Effective Gross Income $84,698 $88,366

Monthly Revenue $7,058 Monthly Revenue $7,364

Expense Annual Expenses Annual Expenses

Real Estate Taxes $0.15 $3,783 ** $0.15 $3,783

Insurance $0.10 $2,449 $0.10 $2,449

Utilit ies $0.20 $4,915 $0.20 $4,915

Repairs and Maintenance $0.25 $6,120 $0.25 $6,120 *

Marketing & Promotion $0.07 $1,629 $0.10 $2,500 *

On-Site Management $0.00 $0 $0.00 $0

Management Fee $0.28 $6,776 8% $0.29 $7,069 8%

General & Administration $0.15 $3,790 $0.18 $4,510

Reserve for Capital Improvements $0.10 $2,448 * $0.10 $2,448 *

Bank Charges $0.05 $1,270 $0.05 $1,325 *

Telephone $0.10 $2,400 $0.10 $2,400

Non-Operating Expenses $0.00 $0 * $0.00 $0 *

Total Operating Expenses $1.45 $35,580 42.0% $1.53 $37,520 42.5%

** Taxes have been adjusted to reflect a sale

* Expense has been adjusted to reflect current industry standards

Net Operating Income

Effective Gross Income $84,698 $88,366

Total Operating Expenses $35,580 $37,520

Net Operating Income $49,118 $50,847

Pricing Analysis

$/NRSF Sale Price Cap Rate $/NRSF Sale Price + Remote Mgmt Cap Rate

$23.88 $584,612 8.40% $24.00 $587,612 8.65%List Price

MARCUS & MILLICHAP CAPITAL CORPORATION

CAPABILITIES

MMCC—our fully integrated, dedicated financing arm—is committed to

providing superior capital market expertise, precisely managed execution, and

unparalleled access to capital sources providing the most competitive rates and

terms.

We leverage our prominent capital market relationships with commercial banks,

life insurance companies, CMBS, private and public debt/equity funds, Fannie

Mae, Freddie Mac and HUD to provide our clients with the greatest range of

financing options.

Our dedicated, knowledgeable experts understand the challenges of financing

and work tirelessly to resolve all potential issues to the benefit of our clients.

National platform

operating

within the firm’s

brokerage

offices

$5.63 billion

total national

volume in 2017

Access to

more capital

sources than

any other firm

in the industry

Optimum financing solutions

to enhance value

Our ability to enhance

buyer pool by expanding

finance options

Our ability to enhance

seller control

• Through buyer

qualification support

• Our ability to manage buyers

finance expectations

• Ability to monitor and

manage buyer/lender

progress, insuring timely,

predictable closings

• By relying on a world class

set of debt/equity sources

and presenting a tightly

underwritten credit file

WHY MMCC?

Closed 1,707

debt and equity

financings

in 2017

ACQUISITION FINANCING


15


16

MARKET

OVERVIEW

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS

Source: © 2017 Experian

Created on August 2018

POPULATION 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Population 1,950 6,556 13,949

▪ 2017 Estimate


▪ 2010 Census


▪ 2000 Census


▪ Daytime Population

2017 Estimate 3,864 6,689 12,460

HOUSEHOLDS 1 Miles 3 Miles 5 Miles

▪ 2022 Projection

Total Households 657 2,416 5,340

▪ 2017 Estimate


Average (Mean) Household Size 2.88 2.69 2.64

▪ 2010 Census


▪ 2000 Census


HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles

▪ 2017 Estimate

$250,000 or More 0.77% 2.59% 1.70%

$200,000 - $249,999 0.38% 1.42% 0.87%

$150,000 - $199,999 0.32% 1.19% 1.29%

$125,000 - $149,999 4.57% 4.04% 2.61%

$100,000 - $124,999 8.73% 5.79% 4.28%

$75,000 - $99,999 13.95% 12.27% 10.11%

$50,000 - $74,999 11.72% 19.97% 20.06%

$35,000 - $49,999 12.05% 14.18% 16.16%

$25,000 - $34,999 12.74% 12.61% 13.18%

$15,000 - $24,999 17.69% 12.47% 14.02%

Under $15,000 17.07% 13.47% 15.70%

Average Household Income $55,828 $68,179 $58,113

Median Household Income $38,457 $47,266 $42,555

Per Capita Income $18,521 $24,886 $21,905

17

PROPERTY NAME

MARKETING TEAM


DEMOGRAPHICS


Created on August 2018

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population by Age

0 to 4 Years 9.03% 7.62% 7.27%

5 to 14 Years 17.23% 14.98% 14.94%

15 to 17 Years 3.69% 4.15% 4.14%

18 to 19 Years 2.62% 2.53% 2.40%

20 to 24 Years 6.99% 5.65% 5.76%

25 to 29 Years 7.11% 5.53% 5.60%

30 to 34 Years 7.02% 6.21% 6.22%

35 to 39 Years 6.60% 6.54% 6.67%

40 to 49 Years 11.79% 13.11% 12.94%

50 to 59 Years 10.30% 12.29% 12.29%

60 to 64 Years 4.73% 5.98% 5.94%

65 to 69 Years 4.78% 5.26% 5.22%

70 to 74 Years 3.32% 3.68% 3.83%

75 to 79 Years 2.53% 2.63% 2.67%

80 to 84 Years 1.47% 1.91% 2.10%

Age 85+ 0.79% 1.91% 1.99%

Median Age 32.35 37.56 37.76

POPULATION PROFILE 1 Miles 3 Miles 5 Miles

▪ Population 25+ by Education Level

2017 Estimate Population Age 25+ 1,180 4,159 8,970

Elementary (0-8) 22.48% 13.86% 11.48%

Some High School (9-11) 11.64% 11.37% 14.40%

High School Graduate (12) 25.17% 25.19% 27.55%

Some College (13-15) 14.16% 15.70% 17.97%

Associate Degree Only 6.20% 9.36% 8.95%

Bachelors Degree Only 5.98% 11.73% 9.60%

Graduate Degree 5.02% 8.04% 6.76%

18

Income

In 2017, the median household income for your selected geography is

$38,457, compare this to the US average which is currently $56,286.

The median household income for your area has changed by 14.16%

since 2000. It is estimated that the median household income in your

area will be $50,102 five years from now, which represents a change

of 30.28% from the current year.

The current year per capita income in your area is $18,521, compare

this to the US average, which is $30,982. The current year average

household income in your area is $55,828, compare this to the US

average which is $81,217.

Population

In 2017, the population in your selected geography is 1,953. The

population has changed by 2.52% since 2000. It is estimated that the

population in your area will be 1,950.00 five years from now, which

represents a change of -0.15% from the current year. The current

population is 49.93% male and 50.07% female. The median age of

the population in your area is 32.35, compare this to the US average

which is 37.83. The population density in your area is 621.46 people

per square mile.

Households

There are currently 648 households in your selected geography. The

number of households has changed by -1.22% since 2000. It is

estimated that the number of households in your area will be 657 five

years from now, which represents a change of 1.39% from the

current year. The average household size in your area is 2.88 persons.

Employment

In 2017, there are 1,085 employees in your selected area, this is also

known as the daytime population. The 2000 Census revealed that

42.47% of employees are employed in white-collar occupations in

this geography, and 65.55% are employed in blue-collar occupations.

In 2017, unemployment in this area is 7.35%. In 2000, the average

time traveled to work was 24.00 minutes.

Race and Ethnicity

The current year racial makeup of your selected area is as follows:

64.46% White, 4.54% Black, 0.42% Native American and 0.98%

Asian/Pacific Islander. Compare these to US averages which are:

70.42% White, 12.85% Black, 0.19% Native American and 5.53%

Asian/Pacific Islander. People of Hispanic origin are counted

independently of race.

People of Hispanic origin make up 44.56% of the current year

population in your selected area. Compare this to the US average of

17.88%.

PROPERTY NAME

MARKETING TEAM


Housing

The median housing value in your area was $116,004 in 2017,

compare this to the US average of $193,953. In 2000, there were 394

owner occupied housing units in your area and there were 262 renter

occupied housing units in your area. The median rent at the time was

$302.


DEMOGRAPHICS

19

8


DEMOGRAPHICS

20

1 Mile

3 Miles

5 Miles


21

MARKET

COMPARABLES

8


RENT COMPARABLES MAP


(SUBJECT)

Wilson Storage

Hilyer Mini Storage

A & P Storage Vault

Pine Ridge Mini Storage4

7

8

9

11

20

12

14

15

16

17

13

18

10

4

1

2

3

22

PROPERTY NAMEFORT PAYNE MINI STORAGE

RENT COMPARABLES

23

Property Name Address City State Zip Phone

Distance

from

Subject

Sq. Ft.

Fort Payne Mini Storage 156 45th St. NE Fort Payne AL 35967 (256) 845-2202 0.0 Miles 24,480

1) Wilson Storage 5525 Gault Avenue N Fort Payne AL 35967 (256) 845 1530 1.0 Miles 38,578

2) Hilyer Mini Storage 3616 Gault Avenue N Fort Payne AL 35967 (256) 845-2077 1.0 Miles 24,225

3) A & P Storage Vault 815 Airport Rd. W Fort Payne AL 35968 (256) 996-3879 4.5 Miles 20,000

4) Pine Ridge Mini Storage 12155 AL-25 Fort Payne AL 35968 (256) 845-7448 6.5 Miles 3,000


RENT COMPARABLES

24

Climate Controlled - Ground Level

PropertyDistance from

SubjectRate Rate Rate Rate

Avg. $/SF

per Month

Avg. $/SF

per Year

Fort Payne Mini Storage - 5x10 c/c 50 Sq Ft NA 10x10 c/c 100 Sq Ft NA 10x15 c/c 150 Sq Ft NA 10x20 c/c 200 Sq Ft NA NA NAWilson Storage 1 Miles 5x10 c/c 50 Sq Ft $65.00 10x10 c/c 100 Sq Ft $110.00 10x15 c/c 150 Sq Ft $145.00 10x24 c/c 200 Sq Ft $210.00 $1.10 $13.25

Hilyer Mini Storage 1 Miles 5x10 c/c 50 Sq Ft NA 10x10 c/c 100 Sq Ft NA 10x15 c/c 150 Sq Ft $100.00 10x20 c/c 200 Sq Ft NA $0.67 $8.00

A & P Storage Vault 4.46 Miles 5x10 c/c 50 Sq Ft NA 10x10 c/c 100 Sq Ft $75.00 10x15 c/c 150 Sq Ft $100.00 10x20 c/c 200 Sq Ft NA $0.71 $8.50

Subject $/SF NA NA NA NA NA NA

Average Comparable $/SF $1.30 $0.93 $0.77 $1.05 $0.81 $9.70

"N/A" indicates storage facility does not offer that unit.

"-" indicates storage facility does offer the unit but the price was not given.

Non-Climate Controlled

PropertyDistance from

SubjectRate Rate Rate Rate

Avg. $/SF

per Month

Avg. $/SF

per Year

Fort Payne Mini Storage - 6x12 50 Sq Ft $29.00 12x12 100 Sq Ft $44.00 10x15 150 Sq Ft NA 12x24 200 Sq Ft $67.00 $0.45 $5.42Wilson Storage 1 Miles 6x12 50 Sq Ft $50.00 10x12 100 Sq Ft $60.00 10x16 150 Sq Ft $80.00 10x20 200 Sq Ft $95.00 $0.65 $7.83

Hilyer Mini Storage 1 Miles 5x10 50 Sq Ft $35.00 10x10 100 Sq Ft $45.00 10x15 150 Sq Ft $55.00 10x20 200 Sq Ft $65.00 $0.46 $5.53

A & P Storage Vault 4.46 Miles 5x10 50 Sq Ft $35.00 10x10 100 Sq Ft $45.00 10x15 150 Sq Ft $55.00 10x20 200 Sq Ft $65.00 $0.46 $5.53

Pine Ridge Mini Storage 6.49 Miles 5x10 50 Sq Ft $20.00 10x10 100 Sq Ft NA 10x15 150 Sq Ft $55.00 10x20 200 Sq Ft $60.00 $0.36 $4.27

Subject $/SF $0.58 $0.44 NA $0.34 $0.45 $5.42

Average Comparable $/SF $0.70 $0.50 $0.41 $0.36 $0.39 $4.72

Unit Size Unit Size Unit Size Unit Size

Unit Size Unit SizeUnit Size Unit Size


SALES COMPARABLES MAP

25


(SUBJECT)

Lafayette Storage

Super Safe Self-Services

Storage

Go Store It

Rossville Self Storage

Extra Space Storage

SALES COMPARABLES

1

2

3

4

5

26


SALES COMPARABLES

Avg. 7.33%

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

Fort Payne

Mini

Storage

Lafayette

Storage

Super Safe

Self-Services

Storage

Go Store It Rossville

Self

Storage

Extra Space

Storage

Average Cap Rate

Avg. $49.95

$0.00

$8.70

$17.40

$26.10

$34.80

$43.50

$52.20

$60.90

$69.60

$78.30

$87.00

Fort Payne

Mini

Storage

Lafayette

Storage

Super Safe

Self-Services

Storage

Go Store It Rossville

Self

Storage

Extra Space

Storage

Average Price Per Square Foot

SALES COMPARABLES SALES COMPS AVG

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1

rentpropertyaddress1

rentpropertyname1


rentpropertyname1


27

SALES COMPARABLES

Offering Price $584,612

Price/SF $23.88

CAP Rate 8.40%

Total Units 202

Year Built 1986

FORT PAYNE MINI STORAGE156 45th St NE, Fort Payne, AL, 35967

1

Close of Escrow 5/23/2018

Days On Market 231

Sales Price $585,000

Rentable SF 15,050

Price/SF $38.87

CAP Rate 6.49%

Total Units 165

Year Built 2005

LAFAYETTE STORAGE1260 Lafayette Rd, Clarksville, TN, 37042

2


Days On Market 93

Sales Price $997,500

Rentable SF 35,052

Price/SF $28.46

CAP Rate 7.46%

Total Units 292

Year Built 1974

SUPER SAFE SELF-SERVICES STORAGE1401 Jordan Ln NW, Huntsville, AL, 35816

PROPERTY NAME

MARKETING TEAM


SALES COMPARABLES

rentpropertyname1


rentpropertyname1


rentpropertyname1


28

SALES COMPARABLES

3


Sales Price $3,415,000

Rentable SF 40,004

Price/SF $85.37

CAP Rate 6.19%

Total Units 343

Year Built 1984

GO STORE IT2220 Park Dr, Chattanooga, TN, 37421

4


Days On Market 539


Rentable SF 28,600

Price/SF $39.77

CAP Rate 9.33%

Total Units 264

Year Built 1998

ROSSVILLE SELF STORAGE1402 Wilson Road, Rossville, GA, 30741

5


Days On Market 104


Rentable SF 37,375

Price/SF $57.26

CAP Rate 7.19%

Total Units 246

Year Built 1995

EXTRA SPACE STORAGE561 Nance Rd, Madison, AL, 35757

www.MarcusMillichap.com

Peter Corry

Associate

Atlanta Office

Tel: (678) 808-2700

Fax: (678) 808-2710

[email protected]

License: GA 379197

Stacey Gorman

First Vice President Investments

Senior Director - National Self Storage Group

Atlanta Office

Tel: (678) 808-2700

Fax: (678) 808-2710

[email protected]

Licenses: GA 257960, TN 00305042

P R E S E N T E D B Y

29

Michael Fasano

Regional Manager

Atlanta Office

Tel: (678) 808-2700

Fax: (678) 808-2710

[email protected]

License: AL 000101226-0

Documents

Offering Memorandum · Loan Amount $409,229 Net Cash Flow After Debt Service 8.75% / $15,338 9.25% / $16,219 Loan Type Financed Interest Rate / Amortization 5.50% / 20 Years Total