AAA Woodstock Storage is a well-maintained value-add self storage facility consisting of 27,872 NRSF among 211 drive up units ranging from 50 to 512 square feet across ten single-story buildings and is situated on approximately 1.56 acres of land. The facility features secure gated access, an on-site manager apartment, strong road visibility and security cameras throughout. Currently, the facility is 81% physically occupied (SF), with an economic occupancy of 67% which is the result of current ownership recently increasing street rates to meet the market.
AAA Woodstock Storage benefits from prominent location at a signalized intersection along Arnold Mill Road, centrally located nearby numerous single-family and multifamily developments. Further, the facility benefits from excellent demographics within the trade area, with 3-Mile Median and Average Household incomes of $87,000 and $111,000 respectively, coupled with over 42% renter-occupied households in a one-mile radius.AAA Woodstock, offers a new operator multiple upsides immediately upon takeover, including closing the gap on in-place rates, implementing a comprehensive tenant insurance program, and further driving street rates to meet market averages. The facility is well maintained, and little to no capex projects are needed.
AAA Woodstock Storage is priced at $3,700,000/$132.75 PSF
|Property Name||AAA Woodstock Storage|
|Price Per SF:||$132.75|
|Cap Rate:||6.6% Stabilized Cap Rate|
|Address:||232 Arnold Mill Rd. Woodstock, GA|
|Total Drive Up Units:||211|
|Physical Occupancy:||86% SF | 81% Unit|
|Buildings:||10 Single Story Buildings|