Colonial Storage Center
95 Green Street, Warner Robins, GA 31093
Last Verified 6/7/2009
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.
Proforma
2008
$51,410
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
- Active For Sale - 1 Listing
- Active For Lease - 0 Listing
- Previously Listed - 0 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.
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.