Cap Rate
6.97%
Price Per SF
$83
Price Per Unit
$11,989
Units
181
Gross SQFT
21,454
Year Built
1990/1995
NOI
$151,164
Property Type
Self Storage
INVESTMENT HIGHLIGHTS
- Two facilities totaling 21,454 NRSF located ±0.69 miles apart operated as one facility
- Strong surrounding population – over 45,000 people living in a 3-mile radius and over 90,000 people living in a 5-mile radius
- Future expansion opportunity at the 2970 Lexington Rd location
- Advertised rental rates between 6% and 21% below market
- Limited competition with single digit square foot per capita within a 3- and 5-mile radius of both locations
- Less than 2-miles away from the University of Georgia which has 43,000 enrolled students as of 2024
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203