5
See all 5 photos
$6,600,000
Est. payment /mo
60,000 SqFt
New
9731 County Road 65 Foley, AL 36535
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 60,000 sqft
Price per Sqft $110
Subdivision Al
MLS Listing ID 380696
Construction Status Resale
Year Built 2024
Lot Size 11.412 Acres
Lot Dimensions 1123' x 389'
Property Sub-Type Commercial
Property Description
Investor Opportunity – High-Performing Storage Asset with Expansion PotentialNow offered for sale: Foley Storage Solutions – a stabilized and income-producing storage facility in Baldwin County, Alabama, one of the fastest-growing markets in the state. This fully permitted facility consists of seven metal buildings totaling 77 powered, enclosed units across ±60,000 SF of rentable space, situated on 11.4 acres just off County Road 65. Built in phases, the original 48,000 SF was completed in March 2023 and fully leased by late 2024. A 12,000 SF expansion was completed in late 2024 and is actively leasing now. This project has demonstrated consistently strong demand with average rents of $7.50–$8.00/SF and market comps trending toward $10.00/SF.The site features keypad-secured gated access, wide drive aisles, full fencing, HD surveillance, and powered roll-up doors—ideal for RV, boat, and contractor storage. Infrastructure includes well water, onsite power, and dedicated security and software systems. The property is zoned outside the FEMA flood zone (Zone X) and offers exceptional visibility and access to Highway 59 and the Foley Beach Express.Annual gross income is approximately $480,000 with operating expenses between $36,000–$42,000, generating a strong net operating income of ~$405,000. At market rent levels, projected NOI exceeds $525,000. Cap rate ranges from 6.14% (current) to 7.95% (projected). The 11.4-acre parcel also offers future development flexibility, including further expansion, paving upgrades, or utility additions for long-term value.Offering includes full rent roll, revenue history, and insurance documentation. Don't miss this rare opportunity to acquire a proven self-storage investment with stabilized returns, upside potential, and immediate income. Buyer to verify all information during due diligence.
Location
State AL
County Baldwin
Area Foley 2
Zoning Business/Commercial,PUD
Interior
Heating Central
Cooling Central Air, Heat/Air-Total Area
Exterior
Parking Features Covered, Parking Lot
Utilities Available Underground Utilities
Waterfront Description No Waterfront
Garage Yes
Building
Lot Description Commercial Park, Level
Foundation Slab
Sewer Baldwin Co Sewer Service
Water Public
New Construction No
Construction Status Resale
Listed by Beachball Properties