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.