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Self-Storage Facility

Habersham Mini Storage

875 S Main St, Cornelia, GA 30531, Cornelia, GA 30531

Listing Price: $2,275,000

Cap Rate
6.30%
Number of Units
198
Occupancy
98.0%
Rentable SF
29,010
Price/Rentable SF
$78.42
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to present Habersham Mini Storage in Cornelia, Georgia. The property consists of 29,010 net rentable square feet of climate-controlled and non-climate-controlled self-storage units. Current rental rates are below market, providing an opportunity for future revenue growth. The facility also offers the potential for operational efficiencies through automation and remote management. Cornelia and the surrounding Habersham County area continue to experience residential and economic growth, supporting long-term demand fundamentals for self-storage.

Investment Highlights

  • 29,010 NRSF of Climate and Non-Climate Control Storage
  • Rental Rates Below Market
  • Strong Avg HH Income Above $78K (5-Mi)
  • Low Saturation 7.92 SF/Capita (3-Mi)
  • ~4% Pop. & HH Growth Projected in the Next 5 Years
  • Multiple Economic & Residential Developments in the Market

Exclusively Listed By

Self-Storage Facility

Habersham Mini Storage

Listing Price: $2,275,000

Cap Rate
6.30%
Number of Units
198
Occupancy
98.0%
Rentable SF
29,010
Price/Rentable SF
$78.42
Year Built
1985

Investment Highlights

  • 29,010 NRSF of Climate and Non-Climate Control Storage
  • Rental Rates Below Market
  • Strong Avg HH Income Above $78K (5-Mi)
  • Low Saturation 7.92 SF/Capita (3-Mi)
  • ~4% Pop. & HH Growth Projected in the Next 5 Years
  • Multiple Economic & Residential Developments in the Market

Investment Overview

Marcus & Millichap is pleased to present Habersham Mini Storage in Cornelia, Georgia. The property consists of 29,010 net rentable square feet of climate-controlled and non-climate-controlled self-storage units. Current rental rates are below market, providing an opportunity for future revenue growth. The facility also offers the potential for operational efficiencies through automation and remote management. Cornelia and the surrounding Habersham County area continue to experience residential and economic growth, supporting long-term demand fundamentals for self-storage.

Exclusively Listed By

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