1790 GA Highway 21 S - Self-Storage Facilities FOR SALE


Springfield, GA 31329
$3,675,000 USD
813-452-5399
1790 GA Highway 21 S, Springfield, GA for Sale
$3,675,000 USD
Self-Storage Facilities - FOR SALE
1/22
null | 4.79% Cap Rate

1790 GA Highway 21 S
Springfield, GA 31329


HIGHLIGHTS

  • Newly constructed in 2024 with a mix of climate-controlled and drive-up storage units.
  • Located along GA Highway 21 with strong visibility and traffic counts.
  • Currently 46% physical occupancy with substantial lease-up upside.
  • Projected NOI growth from $176,000 to over $320,000 at stabilization.
  • Opportunity for future expansion with 30,000 rentable square feet of additional capacity.
  • Under supplied 5-mile trade area with proven demand in a high-growth market.

OVERVIEW

21 South Mini Storage represents an exceptional acquisition opportunity in Springfield, GA, within Effingham County’s thriving growth corridor. Constructed in 2024, this institutional-grade self-storage facility encompasses 324 units across 31,400 rentable square feet, featuring both climate-controlled and drive-up storage options. The asset is currently 46% physically occupied and delivering consistent cash flow, with economic occupancy at 51.3%. Positioned along Georgia Highway 21, a primary route connecting Effingham County to Savannah, the property benefits from high visibility and steady traffic counts. With current NOI of approximately $176,000 and stabilized projections exceeding $320,000, investors are presented with significant upside potential through lease-up and revenue optimization. Embedded revenue opportunities include increasing occupancy, enhancing rental rates, and leveraging ancillary income streams. The trade area is markedly under supplied, with only 6.68 square feet per capita, reinforcing strong demand fundamentals. Additionally, average in-place rents ($1.23 per NRSF) remain below stabilized levels ($1.37 per NRSF), providing further growth runway. Built with steel construction and advanced security, the facility requires minimal near-term capital investment. An expansion plan offering an additional 30,000 rentable square feet supports long-term scalability, making this offering ideal for investors seeking quality construction, strong market positioning, and growth potential in one of Coastal Georgia’s fastest-growing markets.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

4.79%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

21 South Mini Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

B-1

APN/PARCEL ID

S1310-00000-009-000

ASK ABOUT THIS PROPERTY

Richard RiddleSkyView AdvisorsMore Info
813-452-5399

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Richard RiddleSkyView AdvisorsMore Info
813-452-5399

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