Skip to main content

Self-Storage Facility

Self Storage Center

501 Tenth St, Cedartown, GA 30125

Listing Price: $1,100,000

Cap Rate
6.11%
Number of Units
196
Occupancy
91.0%
Gross SF
30,616
Rentable SF
30,616
Price/Rentable SF
$35.93
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to offer the sale of Self Storage Center in Cedartown, GA. This value-add investment includes 196 non-climate-controlled units totaling 30,616 net rentable square feet. A 3-mile radius from the property includes only 3 competitors and an area saturation of 5.5 sq ft/ capita. The property is comprised of 3 parcels totaling 2.52 acres with two of those being adjacent and one located 1.6 miles away just off Main St. While the facility currently sits at 99% physical occupancy, their current rents are 25% below market and there are multiple areas to improve on operational efficiencies increasing your return on investment.

Investment Highlights

  • 99% Physical Occupancy
  • Upside in revenue management
  • 11.14% Pro Forma Cash on Cash

Exclusively Listed By

Self-Storage Facility

Self Storage Center

Listing Price: $1,100,000

Cap Rate
6.11%
Number of Units
196
Occupancy
91.0%
Gross SF
30,616
Rentable SF
30,616
Price/Rentable SF
$35.93
Year Built
1985

Investment Highlights

  • 99% Physical Occupancy
  • Upside in revenue management
  • 11.14% Pro Forma Cash on Cash

Investment Overview

Marcus & Millichap is pleased to offer the sale of Self Storage Center in Cedartown, GA. This value-add investment includes 196 non-climate-controlled units totaling 30,616 net rentable square feet. A 3-mile radius from the property includes only 3 competitors and an area saturation of 5.5 sq ft/ capita. The property is comprised of 3 parcels totaling 2.52 acres with two of those being adjacent and one located 1.6 miles away just off Main St. While the facility currently sits at 99% physical occupancy, their current rents are 25% below market and there are multiple areas to improve on operational efficiencies increasing your return on investment.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower