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7355 Lee Road - Lee Road Storage, Lithia Springs, GA

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7355 Lee Road - Lee Road Storage

Lithia Springs, GA 30122-2848 - Douglasville/Lithia Springs Submarket

Property Type:Specialty Sub Type:Self-Storage Status:Existing Year Built:2000
Stories:1 Typical Floor:19,900 SF Building Size:37,200 SF
For Sale Price:$1,600,000 Price/SF:$43.01
Cap Rate:5.50 %

Sale Notes:
PROPERTY DESCRIPTION: This deal includes 19,000 rsf of recently built self storage with some climate and several secure outside parking spaces. Adjacent and included are two industrial buildings, 12,000 and 6,000 sf respectively. These are conducive to conversion to climate control storage and an office space. Estimated conversion cost is $120,000 and includes a new roof on larger building.

Traffic counts are estimated at 18-20K vehicles per day. This is a value add play with existing income to support the project while upgrading. Potential rsf on this 4 acre tract is 65,000+. Signage visibility possible from interstate. 75% of site storm work already done to include detention pond in place. Light industrial zoning should simplify permitting and entitlements.

Commercial Realty Services of West Georgia
Mike Patterson
(770) 241-9070

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