Frontage and access off of Fairburn Road – seeing over 33,000 vehicles per day
Very attractive day-1 cap rate of 7.10%, with upside still remaining
Solid population surrounding the facility with over 43,000 people living in a 3-mile radius and steady population growth
Opportunity to cut expenses – owners are currently employing a third-party management company on a sub-30,000 SF facility. Could easily be ran remotely or with part-time management
Below market asking rents across the self-storage units
33 different proposed residential developments within a 5-mile radius estimated at over $1B in value in the pipeline currently
Room to improve occupancy and push rental rates
Recently replaced HVAC unit and bathroom demo to create new climate controlled units
