The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Mobile Self Storage (Extra Space Managed).

This offering presents a rare opportunity to acquire a best-in-class, institutional-quality self-storage facility in the economically vibrant port city of Mobile, AL. The facility totals 77,655 rentable square feet spread across 703 climate-controlled units. As of April 2025, this three-story facility was 92% occupied. The site is a prominent, high-visibility location with excellent signage, attracting nearly 15,000 vehicles daily. It is situated in a trade area with excellent population density, strong median household incomes, and very limited competition from new-generation facilities.

The store opened in October 2022 and is currently 92% occupied. From April 2024 to April 2025, the store increased occupancy by nearly 23%. Over that same period, the facility averaged ECRIs that were 5% of projected rent. Now that the store is physically occupied, the operator is currently implementing a more aggressive ECRI program since in-place rents are significantly below those of inferior competitors in the trade area.

The store is situated in the City of Mobile, within the Mobile, AL metropolitan area. Mobile boasts a vibrant and diverse population and serves as a key economic hub in the region. The city features world-class talent and exceptional infrastructure, which, combined with business-friendly policies and low operational costs, attract global companies and foster local businesses. Mobile is home to more than 60 major global companies and offers an 11% lower cost of living compared to the national average and has the second-lowest property tax rate in the nation. The project is centrally located within 3 miles of over 10,000 existing and planned apartments and is one of four self-storage properties built after 2020.

Access Deal Page Here: Core +, Class-A Self-Storage Opportunity