Located in Douglasville, GA approximately 20-miles west of downtown Atlanta - this facility totals ±28,035 rentable square feet of self-storage, 43 outdoor parking spaces, and 6 retail suites totaling ±5,848 SF. The storage units are currently 80% occupied, while two of the six retail suites are vacant and present additional upside post-closing by leasing that space to another small business. Multiple retail leases could be restructured right now as well as they are on month-to-month leases currently.
The property is currently producing $294,380 in Net Operating Income annually, with projected Year 2 NOI of $346,826 upon improving occupancy of the self-storage units, as well as leasing the two vacant retail suites, and Year 4 NOI of $378,015.
Please contact listing agent for pricing guidance and access to additional financials.
BROKER OF RECORD
BILL PEDERSEN
LICENSE NO. 80041 (GA)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203