Development/Expansion Opportunity with Cash Flowing Storage Facility

Highlights:

• Over 1.5 acres of expansion room
• Concrete drive aisles
• High occupancy - currently at 86%
• Revenue has almost doubled within the past 12 months
• 88% insurance penetration

Description:

Introducing Storage Center Rose City, a premier commercial property featuring 13,146 rentable square feet of drive-up storage in 97 units, tailored for industrial and self-storage investors. This meticulously maintained property, established in 1997, offers a compelling investment opportunity in the Thomasville area. Zoned C-1 for Commercial General use, this property provides a versatile platform for diverse industrial and storage expansion endeavors. With its significant unused land and strategic location, Storage Center Rose City is an attractive prospect for investors seeking a solid foothold in the dynamic Thomasville market.

This facility was a turnaround project for the current owner. With strong revenue management practices, revenue has almost doubled within the last 12 months. The facility has achieved 88% insurance penetration and 86% unit occupancy. It offers over 1.5 acres +/—for expansion to accommodate a wide variety of commercial and/or light manufacturing purposes.

Storage Center Rose City is located in the northeast region within the city limits of Thomasville, where the retail/commercial district meets the residential district. It is situated on a cul-de-sac off Hwy 319/E Jackson St, less than one mile from GA-19 and the local Walmart Supercenter. E Jackson Street is one of the main corridors through the city, with a traffic count of almost 15,000 VPD.

This site comprises three storage buildings and twelve Boxwell containers positioned around concrete drive aisles on 2.86 acres. Over 1.5 acres of undeveloped land with flat topography exists.

Documents: