Main Gate Self Storage

47,847 NRSF| 356 Units + 9 Parking Spaces | Hinesville, GA

Under Contract

INVESTMENT OVERVIEW

 Main Gate Self Storage is situated in Hinesville, GA, which is a key component of the rapidly growing Savannah MSA. Main Gate Self Storage represents a value-add self-storage opportunity with strong forward-looking financials and multiple operational upsides. The property consists of 2.26 acres of land; 47,847 NRSF among 13 buildings with 356 self-storage units (climate-controlled, non-climate, drive-up and electricity spaces) and 9 parking spaces. There is also a 6,000 SqFt metal building which is perfectly suited to add additional climate-controlled or non-climate self-storage. The site also offers an onsite apartment. 

The property sustains a physical occupancy of 92% and economic occupancy of 83.3% which indicates the opportunity to add value by reducing in-place variance. This facility benefits from a favorable competitive environment, with only two competitors within one mile. The property is nearest to the Fort Stewart Military and Hunter Army Airfield Base which is home to over 55,000 military based residents, making this facility the most convenient location for those residents to store their belongings. 

Main Street Self Storage offers new ownership a value-add opportunity, with immediate expansion potential, a captive rental audience and multiple upsides that are easily achievable. 

Facility Summary
Address:              404 Fraser Circle, Hinesville, GA 
 
County:               Liberty
 
Land Area:          3.90 AC +/-
 
NRSF:                  47,847
 
Units:                  356 + 9 Parking Space Units
 
Occupancy:        92% (Physical) | 83.3% (Economic) 
 
Unit Sizes:          20-1736 SF 
 
Buildings:           13 Buildings. 10 standard drive-up, 2 warehouse (1 vacant, 1 climate controlled building) and 1 office building including non-climate units accessible from back door
 
Investment Highlights:
  • 47,847 NRSF | 356 Units + 9 Parking Spaces
  • Strong performing asset with room to expand
  • Physical occupancy of 92% with room to increase economic occupancy which is currently 83.3%
  • Additional revenue growth from 6,000 sqft warehouse building as well as an on-site, 2 story apartment which is not included in current T-12
  • Additional upside through adding electronic features such as gated access and security monitoring