Hollywood Self Storage

62,073 NRSF| 486 Units | Grovetown, GA (Augusta, GA MSA)

Closed

Investment Description:

Hollywood Self Storage presents an investor with the opportunity to acquire a strategically situated, newly constructed, institutional quality Self Storage facility located in the Augusta, Georgia MSA, which is the second largest MSA in the State of Georgia. The Augusta, Georgia MSA is currently witnessing high levels of growth with the recent establishment of US Army Cyber Command Headquarters at the nearby Fort Gordon Army Base, which has brought with it a large influx of high paying, skilled jobs, along with a highly transient military population. These demand drivers provide a positive outlook for Self Storage within the region and support future value-add initiatives for Hollywood Self Storage. 

Consisting of 62,073 NRSF among 286 Climate and 187 Non-Climate units for a total 486 units ranging in size from 25 to 400 SF, Hollywood Self Storage offers an array of best of market services and amenities as well as a diverse mix unit mix to serve the needs of the local populace. 

The acquisition of Hollywood Self Storage will allow an investor to seamlessly integrate the property into their portfolio and build upon the tremendous lease-up performance that has been achieved so far. Since opening in March 2019, Hollywood Self Storage has experienced a rapid lease up, achieving a physical occupancy of 60.4% (Area) as of December 2019. Hollywood Self Storage boasts a unique locational advantage, advantageously situated upon Robinson Avenue and witnesses 17,800 VPD according to GDOT statistics. Robinson Avenue is directly aligned to Fort Gordon’s Gate Two, which accommodates approximately one-third of all daily traffic in and out of The Base. Further, Robinson Avenue serves as the main artery connecting the City of Grovetown and Fort Gordon, and is the primary means of entry to the city for those who reside and work in the immediately surrounding trade area.

Hollywood Self Storage is a well constructed asset, and was designed with customer convenience and security in mind. The facility has a total of 63 security cameras throughout, which tie into an office based monitoring system. The facility is well-lit, with motion activated LED Lighting throughout the climate-controlled spaces, and ample night time exterior lighting to boost brand awareness and enhance on-site security. Hollywood Self Storage has two sliding access gates, integrated with a PTI Keypad system for customer convenience, 25’ wide cement drive aisles to accommodate the largest moving trucks and emergency vehicles, and large, well-appointed rental office.

Hollywood Self Storage enjoys a favorable demographic profile, and is poised for further growth, with an estimated three-mile population of 29,772 (2019), coupled with an excellent annual growth rate of 2.42% which is over three times the National Average. Household incomes are also strong within a three mile radius, with an average household income of $72,801 and a median household income of $59,297.

Facility Summary
Address:              659 E. Robinson Ave., Grovetown GA 30813
 
County:               Columbia 
 
Land Area:          3.74 AC +/-
 
Parcel #:              G18 001E
 
NRSF:                   31,775 Climate | 30,298 Non Climate | 62,073 Total
 
Units:                   289 Climate | 187 Non-Climate | 486 Total
 
Occupancy:        60.4% (Area) | 56.2% (Unit) | 54.2% (Economic) 
 
Unit Sizes:          25-400 SF 
 
Buildings:           9 Single Story Buildings
 
Construction:    Steel Buildings, 150 MPH Wind Rating. 25′ Wide Cement                                        Drive Aisles 
 
Opened:              March 2019 
 
Access:                Two Sliding Gates with PTI Integrated Keypad Access
Investment Highlights:
  • Class A, Newly Constructed Self Storage Facility Offering Best of Market Amenities 
 
  • Located in the Rapidly Growing Augusta, Georgia MSA
 
  • Excellent Lease-Up Trend: Achieved 60% Physical Occupancy  Within the First Nine Months of Operations
 
  • Outstanding 2.42% Annual Population Growth Rate Within a Three-Mile Radius
 
  • 25.2% Renter Occupied Housing Within a Three-Mile Radius
 
  • Strategically Located Near Fort Gordon’s Gate Two, Which Sees Nearly One-Third of All Daily Traffic Entering Fort Gordon
 
  • Highly Visible Location, With Traffic Counts of 17,800 VPD