1015 S Church St - Self-Storage Facilities FOR SALE


Meigs, GA 31765
$270,000 USD
205-213-3227
1015 S Church St, Meigs, GA for Sale
$270,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | Request Cap Rate

1015 S Church St
Meigs, GA 31765


HIGHLIGHTS

  • No Competition Within 12 Miles
  • 95% Physical Occupancy
  • Room to Increase Rents
  • 33,000+/- SF of Land Available for Expansion
  • Ability to be Managed Remotely (Reduced Expenses)

OVERVIEW

Meigs Mini Storage is operating at 95% physical occupancy positioned on 1.3+/- acres in Meigs, GA. It contains 50 non climate controlled units and is in the center of town neighboring the community center and post office. Meigs Mini Storage operates with a strong physical occupancy and attracts tenants from neighboring towns such as Moultrie, Pelham and Cairo. It is the only self storage facility in the city which results in zero competition and control of the market. Additionally, Meigs Mini Storage has approximately 33,000+/- SF of land that can be used for expansion of additional storage or Boat/RV Parking. This facility can be easily automated to immediately reduce expenses and increase overall net income. This deal presents a unique opportunity to acquire a self storage facility at or below replacement cost with plenty of room for expansion and the ability to increase economic occupancy and net income with proper management in place.

FOR SALE DETAILS

PRICE

$270,000 USD

PRICE/SF

$50 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meigs Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

C 2

APN/PARCEL ID

MG-006052

ASK ABOUT THIS PROPERTY

Peter CorryCorry Group LLCMore Info
205-213-3227

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Peter CorryCorry Group LLCMore Info
205-213-3227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.