553 Patrol Rd - Self-Storage Facilities FOR SALE


Forsyth, GA 31029
$3,800,000 USD
478-951-9460
553 Patrol Rd, Forsyth, GA for Sale
$3,800,000 USD
Self-Storage Facilities - FOR SALE
1/11
null | 8.1% Cap Rate

553 Patrol Rd
Forsyth, GA 31029


HIGHLIGHTS

  • Great revenue upside with room for expansion
  • Excellent location to I-75 and Downtown Forsyth
  • Great for passive Investment , lów deferred maintenance , manager in place

OVERVIEW

New construction on 52 new units out of a total of 158 non-climate mini storage units, along with the adjacent climate control units that are currently around 98% occupancy. Great location just off I-75 near downtown Forsyth. Fenced with electronic gate access and several parcels available for future expansion. Attractive pricing at 8.01% cap rate which includes a .50 acre outparcel priced in at $150,000 which equates to an 8.43% cap rate for the storage units. Rental rates with room for increase as well as future expansion give this property plenty of upside, that coupled with a manager in place make this property perfect for the passive investor or a better return for the owner operator.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Holiday Mini Storage Forsyth, Ga

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

6.1 AC

LAND SF

265,716 SF

ZONING

HB

APN/PARCEL ID

054 005J,054-005A

ASK ABOUT THIS PROPERTY

Scott WilsonW. Scott Wilson Properties LLCMore Info
478-951-9460

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Scott WilsonW. Scott Wilson Properties LLCMore Info
478-951-9460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.