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CubeSmart Self Storage (managed)
$7,000,000

CubeSmart Self Storage (managed)

5.42 Acres

Description

Strong Investment Potential
  • 56,229 NRSF / 359 Climate Controlled Units / 29 Covered Parking Spaces
  • Value add through lease up / Opportunity to purchase additional land for a future expansion
  • Class A self-storage facility with high demand located in the Southern Hills planned development with numerous commercial and residential developments Class A Multifamily apartment complex will be built on the parcel to the North as well as a grocery store will be built in the Southern Hills planned development
  • Ability to achieve an 8.88% cap rate at stabilization with a 12.77% cash on cash return
  • Positioned in a growing market supported by a diverse economic base and university presence with Arkansas State Strong visibility and accessibility, just minutes from US-63
Prime Jonesboro Location
  • Conveniently situated in the vibrant Jonesboro area, easily accessible from US-63
  • Close proximity to Arkansas State University, a major educational and cultural hub
  • Growing Jonesboro market with strong residential, commercial, and student demand driving consistent storage needs

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Location

1512 Southern Branch Drive, Jonesboro, AR 72404

Status

For Sale

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Michael Morrison

Michael Morrison

TITLE

Broker in Charge

LICENSE

SC: 58247 | NC: 283465 | GA: 360061 | AL: 000106088

Property Amenities

Area & Lot
Lot Area 5.42 Acres
Status For Sale
Finance
Sales Price $7,000,000
"Value add through lease up / Opportunity to purchase additional land for a future expansion"

— Michael Morrison

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Thank you for your interest in 1512 Southern Branch Drive, Jonesboro, AR 72404. We are reviewing your request and will be in touch shortly!

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