- For Sale $4,750,000
- Property Type Other
- Units 368
- Date Updated May 18, 2026
Description
All Season Storage is a newly converted, fully climate-controlled self-storage facility located in the heart of downtown Mobile, Alabama. The property benefits from a dense, high-barrier urban submarket with limited new supply, strong population density, and proximity to major residential, mixed-use, and commercial development.
The facility is currently operating at 47% physical occupancy and approximately 24% economic occupancy, presenting a clear value-add opportunity through lease-up and rent optimization. In-place rental rates remain materially below market, particularly for elevator-served units, allowing a new owner to grow NOI through disciplined revenue management rather than capital-intensive improvements.
Highlights
- In-place rents are below market, giving a new owner a realistic path to increase NOI through steady, well-timed rent increases.
- Limited new construction and strict local regulations keep supply tight, ensuring stable long-term pricing and minimal competition.
- Low supply per capita (7.47) and dense 5-mile population (73,228) drive strong demand.
- Newly converted all climate-controlled facility located in downtown Mobile benefiting from dense residential, mixed-use, and commercial surroundings.
- The facility is in good condition, allowing a buyer to focus on operations and revenue growth rather than capital projects.
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Contacts
Oakside Companies
Location
Located at 361 St Louis St, Mobile, AL 36602, Mobile, AL 33602, this property is part of the Lower Dauphin neighborhood and Mobile market.
Oakside Companies
