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Athens Lock Storage Portfolio 1 Specialty Properties Offered at $3,525,000 in Athens, GA
Investment Highlights
- 87% unit occupancy and 90% square foot occupancy, with economic occupancy at 93%
- Expansion land included at the Danielsville Road location
- Anchored by the University of Georgia with total enrollment of 43,888 students – one of the largest public universities in the Southeast
- In-place rents remain below nearby competitors
- Zero new self-storage developments planned or under construction in the immediate trade area (according to TractIQ)
- Substantial residential development underway throughout all of Athens
Executive Summary
Maxx Bauman
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305
(866) 889-0550
Property Facts
| Price | $3,525,000 | Number of Properties | 2 |
| Price / SF | $136.53 / SF | Individually For Sale | 0 |
| Cap Rate | 6.04% | Total Building Size | 25,818 SF |
| Sale Type | Investment | Total Land Area | 5.74 AC |
| Status | Active |
| Price | $3,525,000 |
| Price / SF | $136.53 / SF |
| Cap Rate | 6.04% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 25,818 SF |
| Total Land Area | 5.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1629 Danielsville Rd, Athens, GA 30601 | Specialty | 25,818 SF | 1988 | - |
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Athens Lock Storage Portfolio
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