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5728 & 5770 FAIRBURN RD, DOUGLASVILLE, GA 30134

ACCESS OM & DEAL ROOM
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LIST PRICE

$4,150,000

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IN-PLACE CAP RATE

7.10%

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NRSF

±33,883 SF

PropertyInfo-NOI@4x

CURRENT NOI

$294,380

FACILITY NAME Storage Depot of Douglasville
ADDRESS 5728 & 5770 Fairburn Rd | Douglasville, GA 30134
NRSF ±33,883 SF
TOTAL NUMBER OF UNITS 273
CLIMATE CONTROLLED UNITS 6
COMMERCIAL SUITES 6
NON-CLIMATE CONTROLLED UNITS 218
NUMBER OF BUILDINGS 9
YEAR BUILT 1998
LOT SIZE (AC) ±3.05 AC

 

INVESTMENT HIGHLIGHTS:
  • 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
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ACCESS OM & DEAL ROOM
EXCLUSIVELY LISTED BY:
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AUSTIN MCLEOD
First Vice President & Associate Director
 
DIR +1 (404) 445-1093
MOB +1 (678) 576-1780
License No. 394903 (GA)
 
BROKER OF RECORD

BILL PEDERSEN LICENSE NO. 80041 (GA)