$550,000
Commercial Property for Sale in San Bernardino California 92404
San Bernardino, California
Soft OfferCommercial Property for Sale in Foley Alabama 36535
721 N McKenzie St, Foley, Alabama 36535
$1,375,000
$70 / sq ft 7.1% cap rate Listed Jul 17, 2025
19,590 sqft
Building
2015
Built
1
Stories
152
Units
About this property
Commercial Property for Sale in Foley Alabama 36535 is an industrial for sale in Foley, Alabama, listed at $1,375,000. Key details: year built 2015, building size 19,590 sqft, stories 1, total units 152. Listed by Brandon Robinson of Calvary Realty on LoopingCloud and last updated August 14, 2025.
John 14:6: Jesus said to him, "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."
Southern Storage of Foley: A Turnkey, High-Growth Self-Storage Investment
Southern Storage of Foley presents an exceptional self-storage investment opportunity priced at $1,375,000 with a solid 7.10% cap rate. This facility offers 19,590 enclosed square feet, including 3,600 square feet of climate-controlled space, and is currently 90% occupied. Significant upside exists through rent increases, supported by a clear 12-month upward rate trend and sustained demand.
Strategically located just 25 minutes north of the beach, this property benefits from its prime position in an area experiencing robust population growth of 3.75%. Its adjacency to multiple new housing developments and proximity to major local employers like Baldwin Health, Collins Aerospace, Walmart, and Foley Municipal Airport further bolster demand. High visibility is ensured by a daily traffic count of 25,760 cars.
This is a true turnkey operation with no immediate repair or renovation needs. Recent 2024 renovations include freshly painted unit doors, a fixed electric gate, a replaced underground sewer pipe, the clearing of 12 delinquent tenants, and the installation of solar-powered cameras for enhanced security. Managed efficiently with StorEdge Management Software and remote capabilities, the facility promises streamlined operations and ease of management.
With stable cash flow, recent upgrades, and an added layer of security from being across the street from the Police Station, Southern Storage of Foley is strongly positioned for continued success. Its combination of robust local demand, minimal ongoing maintenance, and a strategic location makes it a high-potential investment opportunity.
Key highlights
- Occupied
- Net Lease Investment
- Buildings 9
- Pro-Forma NOI $124,521
- Pro-Forma Cap Rate 9.06%
- High Traffic Count (25K+ Vehicles)
- High Occupancy
- 3.75% Annual Population Growth
- 31K Residents Within 5 Mile Radius
- Room to Increase Rents
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 2015
- Building Size
- 19,590 sqft
- Stories
- 1
- Total Units
- 152
- Occupied
- Yes
- Occupancy
- 90%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $97,691
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7.1%
Cap rate
$97,691
Net operating income
$70
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2025 | - | - | - | $97,691 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,375,000 | 7.1% | - | - | - |
Features and amenities
Property Features
- APN: 54-09-29-1-000-003.001, 54-09-29-1-000-023.001
- Buildings: 9
- Pro-Forma NOI: $124,521
- Pro-Forma Cap Rate: 9.06%
Highlights
- High Traffic Count (25K+ Vehicles)
- High Occupancy
- 3.75% Annual Population Growth
- 31K Residents Within 5 Mile Radius
- Room to Increase Rents
- Police Station Across the Street
- Adjacent to New Housing Development
- Upward 12 Month Rate Trend
- Climate Control Units
- 25 Minutes North of the Beach
Location
Address as shown by the lister.
Get directionsAbout this area - Foley
- Population
- 17,830
- Housing units
- 8,288
- Land area
- 99.3 sq mi
- County
- Baldwin
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Foley Alabama 36535?
Commercial Property for Sale in Foley Alabama 36535 is listed at $1,375,000. That works out to about $70 per square foot. The stated cap rate is 7.1%.
Where is Commercial Property for Sale in Foley Alabama 36535 located?
The property is in 721 N McKenzie St, Foley, Alabama 36535, Baldwin County.
What type of property is this?
This is an industrial for sale in the commercial category.
How big is the property?
The building is 19,590 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Brandon Robinson of Calvary Realty listed this property. Use the Request Info button to send a message or call (909) 380-0073.
When was this listing published?
It was published on July 17, 2025 and last updated on August 14, 2025.
Listing information
- Listing ID
- CL-Alabama-25923
- Published
- Jul 17, 2025
- Last updated
- Aug 14, 2025
- Views
- 328
- Status
- Sold
Report a problem with this listing
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