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Self-Storage Facility

Stormax Storage

Mauldin Rd NW, Calhoun, GA 30701

Listing Price: $1,200,000

Cap Rate
6.22%
Number of Units
159
Gross SF
26,950
Rentable SF
26,950
Price/Rentable SF
$44.53
Year Built
2017

Investment Overview

Conveniently located between Atlanta, GA and Chattanooga, TN this self-storage facility presents a tremendous investment opportunity for a new owner looking for a low maintenance, storage property, or an experienced investor looking to add to their storage portfolio. StorMax Storage is a 159 unit storage facility which totals 26,950 rentable square feet listed for $1,200,000 or $44.53 per rentable square foot. Currently at 92% physical occupancy and 67% economic occupancy this listing, presents the opportunity to purchase an existing property and significantly add value through improved operations.

The greater Calhoun/Dalton area has always been referred to as the Carpet Capital of the World but in the last five years, this northwest Georgia market has exploded to include an increasing and diverse number of high-tech chemical, plastics, and automotive companies. The northwest Georgia market is also home to the recently-opened Appalachian Regional Port, which receives direct rail service from the Savannah Port, thus opening a powerful new gateway to global markets. National and International companies are taking advantage of this strategic solution, and Calhoun is a direct beneficiary of the activity.

Investment Highlights

  • 92% Physical Occupancy
  • 8.75% Pro Forma Cap Rate
  • 13.61% Pro Forma Cash on Cash
  • Built 2000 - 2017
  • Opportunity to improve management through automation and online presence

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    (678) 808-2734

    Email Stacey

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

    Atlanta

  • Eric Jones

    Associate

    Email Eric

    License(s): FL: SL3243464, GA: 349578

    Atlanta

Self-Storage Facility

Stormax Storage

Listing Price: $1,200,000

Cap Rate
6.22%
Number of Units
159
Gross SF
26,950
Rentable SF
26,950
Price/Rentable SF
$44.53
Year Built
2017

Investment Highlights

  • 92% Physical Occupancy
  • 8.75% Pro Forma Cap Rate
  • 13.61% Pro Forma Cash on Cash
  • Built 2000 - 2017
  • Opportunity to improve management through automation and online presence

Investment Overview

Conveniently located between Atlanta, GA and Chattanooga, TN this self-storage facility presents a tremendous investment opportunity for a new owner looking for a low maintenance, storage property, or an experienced investor looking to add to their storage portfolio. StorMax Storage is a 159 unit storage facility which totals 26,950 rentable square feet listed for $1,200,000 or $44.53 per rentable square foot. Currently at 92% physical occupancy and 67% economic occupancy this listing, presents the opportunity to purchase an existing property and significantly add value through improved operations.

The greater Calhoun/Dalton area has always been referred to as the Carpet Capital of the World but in the last five years, this northwest Georgia market has exploded to include an increasing and diverse number of high-tech chemical, plastics, and automotive companies. The northwest Georgia market is also home to the recently-opened Appalachian Regional Port, which receives direct rail service from the Savannah Port, thus opening a powerful new gateway to global markets. National and International companies are taking advantage of this strategic solution, and Calhoun is a direct beneficiary of the activity.

Exclusively Listed By

  • Stacey Gorman

    Senior Vice President Investments

    (678) 808-2734

    Email Stacey

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

    Atlanta

  • Eric Jones

    Associate

    Email Eric

    License(s): FL: SL3243464, GA: 349578

    Atlanta

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