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553 Patrol Rd - Ready to Store Storage Forsyth, Ga 28,000 SF Specialty Building Offered at $3,590,000 at a 8.13% Cap Rate in Forsyth, GA 31029
INVESTMENT HIGHLIGHTS
- Great revenue upside with room for expansion
- Great for passive Investment , lów deferred maintenance , manager in place
- Excellent location to I-75 and Downtown Forsyth
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$437,538
|
$15.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$43,754
|
$1.56
|
| Effective Gross Income |
$393,784
|
$14.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$101,884
|
$3.64
|
| Net Operating Income |
$291,900
|
$10.43
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $437,538 |
| Annual Per SF | $15.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $43,754 |
| Annual Per SF | $1.56 |
| Effective Gross Income | |
|---|---|
| Annual | $393,784 |
| Annual Per SF | $14.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $101,884 |
| Annual Per SF | $3.64 |
| Net Operating Income | |
|---|---|
| Annual | $291,900 |
| Annual Per SF | $10.43 |
PROPERTY FACTS
| Price | $3,590,000 | Building Class | C |
| Price Per SF | $128.21 | Lot Size | 5.70 AC |
| Sale Type | Investment or Owner User | Building Size | 28,000 SF |
| Cap Rate | 8.13% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1996 |
| Property Type | Specialty | Parking Ratio | 0.57/1,000 SF |
| Property Subtype | Self-Storage | ||
| Zoning | HB - Highway Business District City of Forsyth | ||
| Price | $3,590,000 |
| Price Per SF | $128.21 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.13% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.70 AC |
| Building Size | 28,000 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 0.57/1,000 SF |
| Zoning | HB - Highway Business District City of Forsyth |
AMENITIES
- Signage
- Wheelchair Accessible
ABOUT 553 PATROL RD , FORSYTH, GA 31029
Thanks for your interest in this opportunity. The property is in an excellent location with stable to growing occupancy, two fairly new non-climate control buildings that were finished at the end of last year and room to expand. There is a total of 156 units of non-climate comprised of 151 storage units and four 9x20 containers. There are 54 climate control units which total 209 rental units. Attractive pricing at 8.11% cap rate for the storage units. Rental rates with room for increase as well as future expansion give this property plenty of upside, that coupled with a manager in place make this property perfect for the passive investor or a better return for the owner operator.
PROPERTY TAXES
| Parcel Number | 054-005A | Improvements Assessment | $0 |
| Land Assessment | $110,480 | Total Assessment | $110,480 |
PROPERTY TAXES
Presented by
W. Scott Wilson Properties LLC
553 Patrol Rd - Ready to Store Storage Forsyth, Ga
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