100-Unit Self Storage Facility Located in Chamblee, Georgia With NOI of $100K - SA1634

The business has been sold
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Unique opportunity to acquire a 100-Unit storage facility with a steady cash-flow, located in a strategic location. This property features three one-story, non-climate controlled self-storage buildings with 100-units totaling approximately 21,580 Sq. Ft., of rentable space and 41,818 of land area. The property is virtually fully occupied year-round. The unit-mix is comprised of standard sizes ranging from 40 Sq. Ft., to 300 Sq. Ft. Built in 1987, all buildings are in good condition and have a good overall market appeal. The rents were increased in September, 2022 which will now generate $180,960.00 in annual revenues, with annual NOI of $100K+. The business currently operates with an on-site manager, operating from an on-site office.

INVESTMENT HIGHLIGHTS:
• Strategic Location: The property offers fronts of 130 ft. along a local busy road. The area is densely populated, surrounded by new mixed-use developments, and multi-family housing units.
• Opportunities For Near-Term Growth: The property has provided a steady cash flow for years by relying only on word-of-mouth referrals, providing growth opportunities if actively marketed.
• Multiple Storage Sizes: The variety of storage sizes ranging from 40 Sq. Ft. to 300 Sq. Ft. meets all client’s needs

Business Listed by
image of Broker Profile
Mark Werbalowsky
Sunbelt Atlanta
Listing ID
ATLANGA003-52172