17 South Mini Storage is a value add facility with ample expansion opportunity in the burgeoning Savannah, GA market. 17 South Mini Storage is incredibly well located, with excellent frontage and visibility along Ogeechee Road, which is one of the busiest thoroughfares in Savannah. The facility consists of 30,725 NRSF among 191 total units. Also included is a 2,700 SF Restaurant with a month-to-month tenant which fronts Ogeechee Road offering upside to re-lease to a national tenant, or redevelop into more self-storage. The seller’s electric company occupies approximately 3,500 SF as well as all the covered parking spaces, and pays a total of $9000/month for these units. Current occupancy is roughly 96% (Unit) and 81% (Economic) which demonstrates significant upside for a future operator. Rental rates at 17 South Mini Storage are far below market and would greatly benefit from a sophisticated rate-management program. 17 South Mini Storage is situated on approximately 4.3 Acres, which allows for considerable expansion to meet the strong demand for self-storage within the trade area.
|Property Name||17 South Mini Storage|
|Address:||4119 Ogeechee Rd, Savannah, GA 31405|
|Total Land Area:||4.3 Acres +/-|
|Unit Sizes:||50-3500 SF|
|Building Count:||6 Storage Buildings, plus Covered Parking|