Self-Storage Facility

Macon West Storage and Carwash

4332 Log Cabin Dr, Macon, GA 31204

Listing Price: $1,400,000

Cap Rate
8.20%
Number of Units
159
Gross SF
18,025
Rentable SF
18,025
Price/Rentable SF
$77.67
Year Built
1984

Investment Overview

MACON STORAGE WEST AND CARWASH is situated on 2.82 acres and features 159 non-climate controlled self storage units as well as an eight bay carwash. The facility is located just off Mercer University Drive, Hwy 74, which utilizes over 22,000 cars per day. The facility is well positioned and highly visible surrounded by numerous retail properties including; Walgreens, CVS, Kroger, Home Depot, and Sams Club. The combination of 18,025 Net Rentable Square Feet of storage with 90%+ occupancy, plus the carwash, provides existing stable cash flow. One of the three parcels (0.89 acres) included with the the property provides an opportunity for expansion into climate controlled storage, additional parking, or modular storage. Implementation of automation and an online presence can provide additional upside potential.

Investment Highlights

  • 8.2% Current Cap Rate
  • Stabalized assest with strong cashflow
  • 12.18% Cash on Cash
  • Below Market Rates
  • Opportunity for Expansion

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    Email Stacey

    License(s): GA: 257960, TN: 00305042

    Atlanta

Self-Storage Facility

Macon West Storage and Carwash

Listing Price: $1,400,000

Cap Rate
8.20%
Number of Units
159
Gross SF
18,025
Rentable SF
18,025
Price/Rentable SF
$77.67
Year Built
1984

Investment Highlights

  • 8.2% Current Cap Rate
  • Stabalized assest with strong cashflow
  • 12.18% Cash on Cash
  • Below Market Rates
  • Opportunity for Expansion

Investment Overview

MACON STORAGE WEST AND CARWASH is situated on 2.82 acres and features 159 non-climate controlled self storage units as well as an eight bay carwash. The facility is located just off Mercer University Drive, Hwy 74, which utilizes over 22,000 cars per day. The facility is well positioned and highly visible surrounded by numerous retail properties including; Walgreens, CVS, Kroger, Home Depot, and Sams Club. The combination of 18,025 Net Rentable Square Feet of storage with 90%+ occupancy, plus the carwash, provides existing stable cash flow. One of the three parcels (0.89 acres) included with the the property provides an opportunity for expansion into climate controlled storage, additional parking, or modular storage. Implementation of automation and an online presence can provide additional upside potential.

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    Email Stacey

    License(s): GA: 257960, TN: 00305042

    Atlanta

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