918-639-0072
1851 Excelsior Rd, Greenwood, AR for Sale
Self-Storage Facilities - FOR SALE
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1851 Excelsior Rd
Greenwood, AR 72936


HIGHLIGHTS

  • Newly Constructed Class A Property 2023
  • Exceptional Lease-Up History
  • Physical Occupancy 85.3% and Upside with Economic Occupancy at 76.8%
  • Gated Access, Video Surveillance, Standing Seam Roofs, Concrete Drives
  • Professional Style Management Upside
  • Extensive Highway 10 Expansion

OVERVIEW

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this Self-Storage opportunity in Greenwood, AR. Greenwood Self Storage represents an exceptional opportunity to acquire a newly constructed, stabilized self-storage facility in Greenwood, AR. Well-positioned on 2.4 acres at the junction of Highway 10 and Highway 71, the owner-managed facility is comprised of 90 climate-controlled units and 191 standard units. The facility contains 39,575 net rentable square feet covering 282 total storage units. The location comes with an additional 1.0 acre of land providing an additional 22 outdoor Boat/RV parking spaces completed in October 2024 and a currently rented residential home. Recently constructed in 2023, the facility has exceptional physical occupancy at 85.3% with the current economic occupancy at 76.8%. The phenomenal lease-up and strong economic drivers illustrate the opportunity for an investor to manage rates and consistently increase revenue short term. Likewise, Greenwood is located at the junction of Highway 10 and Highway 71 with construction underway that will more than double the travel capacity of Highway 10 from 2 lanes to 5 lanes by 2026. The expansion will dramatically increase travel volume and curb appeal further allowing a buyer to push revenue over the next several years. With multiple opportunities for increased growth, Greenwood Self Storage is the elusive, owner-operated property with potential high-level performance. With an outstanding location and the ability to increase effective rents, Greenwood represents an unique opportunity to acquire a turnkey, class-A facility with strong lease-up and strong growth potential.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

3.4 AC

LAND SF

148,104 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Trey HammondCushman & WakefieldMore Info
918-639-0072

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Trey HammondCushman & WakefieldMore Info
918-639-0072

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.