100-Unit Self Storage Facility Located in Chamblee, Georgia With NOI of $100K - SA1634
Business Service Companies for Sale
Unique opportunity to acquire a 100-Unit storage facility with a steady cash-flow, located in a strategic location. This property features three one-story, non-climate controlled self-storage buildings with 100-units totaling approximately 21,580 Sq. Ft., of rentable space and 41,818 of land area. The property is virtually fully occupied year-round. The unit-mix is comprised of standard sizes ranging from 40 Sq. Ft., to 300 Sq. Ft. Built in 1987, all buildings are in good condition and have a good overall market appeal. The rents were increased in September, 2022 which will now generate $180,960.00 in annual revenues, with annual NOI of $100K+. The business currently operates with an on-site manager, operating from an on-site office.
• Strategic Location: The property offers fronts of 130 ft. along a local busy road. The area is densely populated, surrounded by new mixed-use developments, and multi-family housing units.
• Opportunities For Near-Term Growth: The property has provided a steady cash flow for years by relying only on word-of-mouth referrals, providing growth opportunities if actively marketed.
• Multiple Storage Sizes: The variety of storage sizes ranging from 40 Sq. Ft. to 300 Sq. Ft. meets all client’s needs