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Colonial Storage Center
95 Green Street, Warner Robins, GA 31093
Last Verified 7/31/2009
Listing ID 15833131
Highlights
Priced At or Below Replacement Value- Just Outside Gate of Robins AFB
- On Site Rental Office
- On Site Apartment
- Sturdy Concrete Block Buildings
- Significant Upside Potential
Description
Colonial Storage Center is a well located and highly visible well established facility offering 192 units and 19,960 RSF on 1.23 +/- acres. It is comprised of five sturdy concrete block self storage buildings, an attached rental office and an on-site apartment. With good visibility and with traffic counts exceeding 7,300 vehicles per day (and exceeding 16,000 at corner 4/10 mile away), this property is well positioned to respond to a focused management effort. At $33.82 per RSF, this property is priced at or below replacement value. Based on projections upon reaching 90% Occupancy (starting in year 5), this property is priced at an 11.2% capitalization rate (year 7) even factoring in an additional capital investment of $50,000.
Colonial Storage Center is located on Green Street, off US-129/GA-247 and just outside the gate of Robins Air Force Base in Warner Robins, GA.
Map of 95 Green Street, Warner Robins, GA 31093 (Houston County)
Created 8/4/2008
Additional Information for 95 Green Street, Warner Robins, GA 31093
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P