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875 S Main St - Habersham Mini Storage 29,010 SF Specialty Building Offered at $2,275,000 at a 6.34% Cap Rate in Cornelia, GA 30531
Investment Highlights
- 29,010 NRSF of Climate and Non-Climate Control Storage
- Strong Avg HH Income Above $78K (5-Mi)
- ~4% Pop. & HH Growth Projected in the Next 5 Years
- Rental Rates Below Market
- Low Saturation 7.92 SF/Capita (3-Mi)
- Multiple Economic & Residential Developments in the Market
Executive Summary
Marcus & Millichap is pleased to present Habersham Mini Storage in Cornelia, Georgia. The property consists of 29,010 net rentable square feet of climate-controlled and non-climate-controlled self-storage units. Current rental rates are below market, providing an opportunity for future revenue growth. The facility also offers the potential for operational efficiencies through automation and remote management. Cornelia and the surrounding Habersham County area continue to experience residential and economic growth, supporting long-term demand fundamentals for self-storage.
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- Offering Memorandum
Property Facts
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $553,971 | |
| Land Assessment | $82,874 | Total Assessment | $636,845 |
Property Taxes
Parcel Numbers
Land Assessment
$82,874
Improvements Assessment
$553,971
Total Assessment
$636,845
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