Cap Rate
6.96%
Tot. SF
268,081
218 Bob Jones Rd, Scottsboro, AL
Chapman Storage Portfolio$13,750,000
Key Information
Lot Size
21.87 Acres
Units
1,720
Type
Self Storage
NOI
$956,673
Highlights
- Opportunity to acquire a three-property self-storage portfolio totaling ±268,081 NRSF, all located within a 3-mile radius in the high-growth
Huntsville, AL MSA and currently being operated as two facilities
• Over 280 new homes are currently in the pipeline across Scottsboro, highlighted by a 150-unit master-planned community and D.R. Horton 116-
unit Jackson Bend project
• Zero self-storage developments are currently planned or under construction within a 5-mile radius according to Tract IQ
• Immediate opportunity to drive NOI by over $100,000 by implementing a Tenant Insurance program across over 1,700 units
• Expanded multiple times between 2017 and 2026, demonstrating consistent historical demand and the market’s ability to absorb additional supply
• Listed at a going-in 6.96% cap rate based on T-4 Annualized NOI with adjusted property taxes based on current millage rates
• Current physical occupancy of 87% across 1,720 units, which consists of 1,419 non-climate units, 81 climate units, and 210 parking spaces
Photos
Location
Agents
Broker of Record
Hutt Cooke
License # 000110253 - 0, 000168807-0 (AL)Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203