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3208 Mike Padgett Hwy
Augusta, GA 30906
Augusta Lock Storage · Specialty Property For Sale
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54,139 SF
Investment Highlights
- 93% unit occupancy and 98% SF occupancy at a stabilized self-storage facility
- Going-in 6.50% cap rate with below-market rental rates offering upside
- Recent capital improvements completed at both property locations
- Listed at $65.75/rentable SF — attractive basis below replacement cost
- Over 16,900 vehicles per day passing the property
- Fort Eisenhower anchors demand with 16,000+ military personnel nearby
Executive Summary
Broker Of Record
Maxx Bauman
Matthews Real Estate Investment Services, Inc
451849, 80041 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305 (866) 889-0550
Maxx Bauman
Matthews Real Estate Investment Services, Inc
451849, 80041 (GA)
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305 (866) 889-0550
Property Facts
| Sale Type | Investment | Lot Size | 5.43 AC |
| Cap Rate | 6.50% | Building Size | 54,139 SF |
| Property Type | Specialty | No. Stories | 2 |
| Property Subtype | Self-Storage | Year Built | 1997 |
| Building Class | B | Parking Ratio | 1.11/1,000 SF |
| Zoning | Light Industrial | ||
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 5.43 AC |
| Building Size | 54,139 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | Light Industrial |
Property Taxes
| Parcel Number | 1230004020 | Improvements Assessment | $1,038,202 |
| Land Assessment | $6,240 | Total Assessment | $1,044,442 |
Property Taxes
Parcel Number
1230004020
Land Assessment
$6,240
Improvements Assessment
$1,038,202
Total Assessment
$1,044,442
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