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Fowler Storage Center
8710 AL-53 & 542 Shady Grove Rd, Toney, Alabama 35773
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Property Info
Price: $5,500,000
Units: 613
Year Built: 2006-2023
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Download Marketing Package
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Broker Contact Info
Reese Thaler
614.360.9804
Reese.Thaler@marcusmillichap.com
Opportunity
The Market
Investment
Map
Huntsville, Alabama MSA Self Storage Offering with Upside
POPULATION
In 2023, the population in your selected geography is 22,242. The population has changed by 21.30 since 2010. It is estimated that the population in your area will be 23,830 five years from now, which represents a change of 7.1 percent from the current year. The current population is 49.8 percent male and 50.2 percent female. The median age of the population in your area is 38.6, compared with the U.S. average, which is 38.7. The population density in your area is 283 people per square mile.
HOUSEHOLDS
There are currently 8,341 households in your selected geography. The number of households has changed by 22.46 since 2010. It is estimated that the number of households in your area will be 8,954 five years from now, which represents a change of 7.3 percent from the current year. The average household size in your area is 2.7 people.
INCOME
In 2023, the median household income for your selected geography is $84,395, compared with the U.S. average, which is currently $68,480. The median household income for your area has changed by 32.00 since 2010. It is estimated that the median household income in your area will be $97,089 five years from now, which represents a change of 15.0 percent from the current year.
The current year per capita income in your area is $39,229, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $104,308, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 11,221 people in your selected area were employed. The 2010 Census revealed that 64.3 percent of employees are in white-collar occupations in this geography, and 20 percent are in blue-collar occupations. In 2023, unemployment in this area was 4.0 percent. In 2010, the average time traveled to work was 30.00 minutes.
HOUSING
The median housing value in your area was $222,143 in 2023, compared with the U.S. median of $268,796. In 2010, there were 5,892.00 owner-occupied housing units and 918.00 renter-occupied housing units in your area.
EDUCATION
The selected area in 2023 had a higher level of educational attainment when compared with the U.S averages. Only 12.4 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 22.1 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was higher than the nation’s at 8.9 percent vs. 8.5 percent, respectively.
The area had fewer high-school graduates, 25.6 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 21.3 percent in the selected area compared with the 20.1 percent in the U.S.
• Huntsville, Alabama MSA Self Storage Offering with Upside
• Extremely Mismanaged: No Marketing, No On-Site Management, and Currently Closed on Weekends
• Recently Completed Large Expansion in March 2023 (Roughly 50% of the NRSF)
• 112,960 Net Rentable Square Feet
• 32 CC Units | 581 NCC Units | 28 RV Parking Spaces
• Great Location & Street Frontage Along Alabama State Route 53
• High Daily Traffic Counts: Approx. 9,000 Cars/Day
• Growing Surrounding Population: Over 21% Increase Since 2010 Within a Five-Mile Radius, with an Additional 7% Projected in the Next Five Years
• Affluent Market: Average Household Income Within One, Three, and Five Miles is Above the National Average
• Average HHI: 1-Mile: $100,405 | 3-Miles: $101,684 | 5-Miles: $104,308