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Browse More Listings in Industrial For Sale, Warner Robins, GA or Georgia

Industrial Property - Off Market

Colonial Storage Center

95 Green Street, Warner Robins, GA 31093

Price:
N/A
Building Size:
20,919 SF
Property Type:
Industrial
Property Sub-type:
Self/ Mini-Storage Facility
Property Use Type:
Investment
Cap Rate:
7.60%
Occupancy:
82%
Tenancy:
Multiple
Lot Size:
1.23 AC
Features:
- Fenced Yard

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)

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Created 8/4/2008

Additional Information for 95 Green Street, Warner Robins, GA 31093

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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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.

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Industrial Property For Sale - Colonial Storage Center

95 Green Street, Warner Robins, GA, 31093