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Self-Storage Facility

Storage Depot of Savannah

1333 Lynah Ave, Garden City, GA 31408

Listing Price: Request For Offer

Number of Units
434
Occupancy
82.9%
Gross SF
111,640
Rentable SF
111,640
Year Built
2002

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Depot of Savannah which consists of two locations just 2.90 miles apart in Savannah, Georgia. The two facilities combined feature 75 climate controlled units, 324 non-climate controlled units, and 35 warehouse spaces totaling 111,640 net rentable square feet. They also offer 36 outdoor parking spaces for rent. The facilities have experienced strong achieved rental growth and are currently 95 percent physically occupied. Both locations are fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from a dense and growing surrounding population. The population within five miles is 81,448 which represents a 14 percent increase from 2000 and is expected to continue to grow over the next five years. They both have great street frontage and high daily traffic counts ranging from 6,800-17,200 cars per day. It was recently announced that Amazon will be building a fulfillment center within four miles of the Lynah Storage Depot location. Amazon will employ over 1,000 people.

Storage Depot of Savannah is being offered for $13.1 million or $117.34 per rentable square foot.

Investment Highlights

  • Two Self-Storage Facilities 2.9 Miles Apart
  • 111,640 Combined Net Rentable Square Feet
  • 324 Non-Climate Controlled Units | 75 Climate Controlled Units | 35 Warehouse Spaces
  • 36 Outdoor Parking Spaces
  • Stabilized Facilities: 95 Percent Combined Physical Occupancy

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Self-Storage Facility

Storage Depot of Savannah

Listing Price: Request For Offer

Number of Units
434
Occupancy
82.9%
Gross SF
111,640
Rentable SF
111,640
Year Built
2002

Investment Highlights

  • Two Self-Storage Facilities 2.9 Miles Apart
  • 111,640 Combined Net Rentable Square Feet
  • 324 Non-Climate Controlled Units | 75 Climate Controlled Units | 35 Warehouse Spaces
  • 36 Outdoor Parking Spaces
  • Stabilized Facilities: 95 Percent Combined Physical Occupancy

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Depot of Savannah which consists of two locations just 2.90 miles apart in Savannah, Georgia. The two facilities combined feature 75 climate controlled units, 324 non-climate controlled units, and 35 warehouse spaces totaling 111,640 net rentable square feet. They also offer 36 outdoor parking spaces for rent. The facilities have experienced strong achieved rental growth and are currently 95 percent physically occupied. Both locations are fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from a dense and growing surrounding population. The population within five miles is 81,448 which represents a 14 percent increase from 2000 and is expected to continue to grow over the next five years. They both have great street frontage and high daily traffic counts ranging from 6,800-17,200 cars per day. It was recently announced that Amazon will be building a fulfillment center within four miles of the Lynah Storage Depot location. Amazon will employ over 1,000 people.

Storage Depot of Savannah is being offered for $13.1 million or $117.34 per rentable square foot.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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