Affordable Self Storage Portfolio
142,570 NRSF | 1,198 Units | Augusta, Georgia
Situated on approximately 6.68 acres of land, Affordable Self Storage North Leg Road consists of 649 Units, of which 154 are Climate Controlled, across 77,110 NRSF with an additional 6,300 NRSF of lighted warehouse space, currently owner-occupied and ready for conversion to Climate Controlled Storage. Offering unit sizes of 25-1,050 SqFt, this facility boasts a diverse inventory of units, allowing it to cater to the widely varying demands of the nearby population. This site is well-located, nearby numerous single and multifamily residential developments. Highly visible, this site sits less than 1/2 mile from the dense retail corridor of Wrightsboro Road, which witnesses over 29,000 VPD, and just over 1 mile from Interstate 520 which sees over 89,000 VPD. Further, this site enjoys favorable immediate demographics, with 70.8% renter occupied housing within a 1-mile radius, and a total population of 57,736 within a 3-mile radius.
The Windsor Spring Road location consists of 548 Non-Climate units across 65,460 NRSF situated on approximately 4.3 acres. This facility also provides a diverse array of units, ranging from 16-360 SqFt. Constructed in 2008, Affordable Self Storage Windsor Spring will allow an investor to seamlessly integrate this facility into their portfolio with very little capital expenditure. In recent years, this site was negatively impacted by construction on Windsor Spring Road. This construction project was completed in December 2018, and as a result will enjoy greatly enhanced visibility and traffic exposure, which is expected to increase occupancy at this site. Much like its counterpart, the Windsor Spring Road location has a strategic location, being only 3 miles from Fort Gordon’s Gate 5, as well as a positive demographic profile with a population of 44,686 within a 3-mile radius, of which 34% of households are renters.
Upon takeover, new ownership will be afforded the opportunity to immediately add value across the portfolio by boosting occupancy, increasing rates, managing and controlling expenses, and optimizing brand presence to drive new traffic. Revenues can be further enhanced through continuing and buidling upon the recently implemented U-Haul truck rental program across both sites, converting the 6,300 SqFt of owner occupied space at North Leg road to climate-controlled storage, eliminating complimentary units and bringing unrentable units back into service.
- 77,110 NRSF situated upon 6.68 +/- acres
- Approximately 6,300 SqFt ready for conversion to
climate controlled storage
- 649 units comprised of 23 non-climate hallway, 154
climate, and 472 standard non-climate units
- 85.6% physical occupancy
- Opportunity to boost revenue by raising climate
controlled rates, as they are lower than nearby facilities
- 70.8% renter-occupied housing within a 1-mile radius
- 65,460 NRSF situated on 4.3 +/- acres
- 548 drive-up non-climate controlled units
- Constructed in 2008, with minimal deferred maintenance
- 73.2% physical occupancy, which is expected to increase on the heels of the recently completed Windsor Road Expansion Project
- Located within a Qualified Opportunity Zone
- 34% Renter Population within 3 mile radius