Self Storage | Elma G Miles Parkway, Hinesville, GA | Value Add

937 Elma G Miles Parkway, Hinesville, GA

$425,000

Price

10,450 sqft

Building Size

1.26 acres

Lot Area

Overview
Building Size
10,450 sqft
Lot Area
1.26 acres
Occupancy
67.76%
Units
90
Year Built
1978
Floors
1
Description

Are you seeking to get started in the Self Storage industry with a Value Add opportunity? Three(3) block construction buildings on a fenced-in lot of 1.26 acres, 90 rental units, on-site housing for management, and an affiliate relationship with UHaul. Doesn't get much better than that!

Property is located just outside the heart of Downtown Hinesville, GA and is only ten(10) minutes away from the Fort Stewart Army Base. To date, this property has been under marketed online (no reputation; good OR bad) and yet is 67.78% occupied as of this writing. Presently, tenancy is derived solely from word-of-mouth referral and top of mind recognition within the neighborhood as the Owner doesn't use/pay for any formal marketing/advertising (at all).

Owner discloses that he consistently leases usable inventory below that of industry standard rates and local competitors within his market; cites positive community involvement and fosterment of general goodwill as his reasonings. Despite this - as of now the property is on track to clear in excess of a projected $32,000 of gross annual sales. These figures do not include the Year-To-Date (YTD) commissions of over $10,000 generated from the UHaul Dealer partnership. This revenue is a separate line item on the company financials.

The buildings were constructed in 1978 (tax records log an effective year of 1985) and should you decide that you wish to expand the overall inventory? You would have to build upwards as opposed to outwards. Parcel is also classified as a Special Flood Hazard Area (SFHA) which will require an additional insurance policy if purchased under a mortgage arrangement.

On site living quarters. Ask your lender about FHA or SBA financing options. Score This Extraordinary Property Before Someone Else Does!

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Disclaimer: The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.
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Eight(8) to ten(10) minutes from Hinesville CBD/Downtown and Fort Stewart AFB on main GA Hwy 119. Effective Year Per Tax Records: 1985

All Electric. No Gas/Propane. Septic.

Cleared and level lot. Subject to FEMA (SFHA) conditionals.

GA Power Company

N/A

Highlights
  • Onsite Management Apartment: 1 bed, 1 bath (shower only), small kitchenette, and living/dining area combo. Appx. 400 sq.ft.
  • All operational inventory/equipment (excepting Seller's personal laptop) transfers with sale.
  • New, uninstalled doors housed in a unit reserved for property use. Appx. four to five (4 to 5) on property and transfer with sale. All other doors have been replaced.
  • Landscaping equipment: Residential grade, riding lawn mower less than one year old can transfer with sale. Only if requested.
  • Company name, Affordable Storage Solutions, does NOT transfer with sale. New owner(s) will have to rename/rebrand property.
  • U-haul Partnership/Affiliate Agreement for rental commissions is transferable. Must submit a new application to U-haul, and get their approval, as a Dealer/Affiliate provider. Simple qualification process with no upfront fees per their website.
  • Eight(8) to ten(10) minutes from Hinesville CBD/Downtown and Fort Stewart AFB on main GA Hwy 119.
  • Est. 19,437 VPD on Hwy 119, Est. 28,400 - 32,190 on adjacent Hwy 84 (Olgethorpe Hwy).
  • Buildings: Appx. 10,450 sq.ft. / Appx. 94,050 cu.ft.
  • Effective Year Per Tax Records: 1985
Documents

Location
Gallery