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Self-Storage Facility

Rome, GA Self-Storage Portfolio

45 Roy Rogers Dr NW, Rome, GA 30165

Listing Price: $13,300,000

Cap Rate
5.11%
Number of Units
656
Occupancy
98.9%
Gross SF
82,997
Rentable SF
82,997
Price/Rentable SF
$160.25
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to exclusively present to the market for sale a self-storage portfolio located in Rome, Georgia. Featuring a total of 656 units, 192 of which are climate controlled, the portfolio currently has a 98.9% economic occupancy. The offering includes three facilities located within a 5-mile radius, enabling an operator to efficiently scale on-site management at multiple sites. Four miles northwest of downtown Rome, 45 Rogers Drive is a 99.73% occupied, 349-unit, 21.5% climate-controlled facility. Less than two miles south of downtown Rome, 525 King Street and 1812 Dean Avenue are situated around the corner from one another. The 525 King Street facility is a 97.52% occupied, 128-unit facility that is 91.4% climate controlled. 1812 Dean Avenue is 99.44% occupied and features 179 units of which none are climate controlled. The offering represents significant upside potential for an investor to increase annual NOI by 7.6% by bringing all units to market rent. Within a 5-mile radius there are nearly 2,200 multifamily units with an additional 250 scheduled to be delivered within the next year. Additionally, the expansive Spires at Berry retirement community is located within one mile of the 45 Rogers location. The facilities also benefit from their locations along main thoroughfares, Redmond Circle and Rockmart Road, and their proximity to GA Route 1 and U.S. Route 27, all of which feature an abundance of national and local tenants.

Investment Highlights

  • 3 facilities located within a 5-mile radius
  • Healthy mix of 192 climate-controlled units and 464 non-climate-controlled units
  • 52,000 Population in 5-mile radius | Abundant multifamily & senior living communities
  • 525 King Street fully renovated in 2008 with HVAC replaced in 2021 | All security gates modified in 2022
  • Below-market rents | Potential for expansion
  • 2 of 3 facilities located within Federal Opportunity Zone

Exclusively Listed By

Financing By

Self-Storage Facility

Rome, GA Self-Storage Portfolio

Listing Price: $13,300,000

Cap Rate
5.11%
Number of Units
656
Occupancy
98.9%
Gross SF
82,997
Rentable SF
82,997
Price/Rentable SF
$160.25
Year Built
2001

Investment Highlights

  • 3 facilities located within a 5-mile radius
  • Healthy mix of 192 climate-controlled units and 464 non-climate-controlled units
  • 52,000 Population in 5-mile radius | Abundant multifamily & senior living communities
  • 525 King Street fully renovated in 2008 with HVAC replaced in 2021 | All security gates modified in 2022
  • Below-market rents | Potential for expansion
  • 2 of 3 facilities located within Federal Opportunity Zone

Investment Overview

Marcus & Millichap is pleased to exclusively present to the market for sale a self-storage portfolio located in Rome, Georgia. Featuring a total of 656 units, 192 of which are climate controlled, the portfolio currently has a 98.9% economic occupancy. The offering includes three facilities located within a 5-mile radius, enabling an operator to efficiently scale on-site management at multiple sites. Four miles northwest of downtown Rome, 45 Rogers Drive is a 99.73% occupied, 349-unit, 21.5% climate-controlled facility. Less than two miles south of downtown Rome, 525 King Street and 1812 Dean Avenue are situated around the corner from one another. The 525 King Street facility is a 97.52% occupied, 128-unit facility that is 91.4% climate controlled. 1812 Dean Avenue is 99.44% occupied and features 179 units of which none are climate controlled. The offering represents significant upside potential for an investor to increase annual NOI by 7.6% by bringing all units to market rent. Within a 5-mile radius there are nearly 2,200 multifamily units with an additional 250 scheduled to be delivered within the next year. Additionally, the expansive Spires at Berry retirement community is located within one mile of the 45 Rogers location. The facilities also benefit from their locations along main thoroughfares, Redmond Circle and Rockmart Road, and their proximity to GA Route 1 and U.S. Route 27, all of which feature an abundance of national and local tenants.

Exclusively Listed By

Financing By

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