Social Circle Storage

27,780 NRSF | 234 Units | Social Circle, GA | Approved Phase 2 Expansion

Closed

INVESTMENT OVERVIEW

Executive Summary:

Social Circle is a Class A, Single Story, Recently Constructed facility consisting of 27,780 NRSF among 234 Units and is situated on 8.2 acres of land. The facility was recently expanded and completed in June 2022. During each stage of completion, the facility rapidly leased up, with 132 units rented in the first 3 months. The facility is currently at 98% physical and 84% economic occupancy. The facility also includes a Phase 2 Site Plan for an additional 28,492 SF, retention already in place, and additional land for a Phase 3 expansion or parking. This facility has no competitors in a 3-Mile radius and is located 4 miles from the Newton Data Center- a multi-billion dollar project featuring Facebook & Rivian. The facility also features secured electronic gated access and concrete drive aisles. The Average Household Income in a 3-mile radius is $87,857, and the population growth is projected for 1.11% in 2023 – 4.45 times the National Average.

INVESTMENT HIGHLIGHTS

  • Only facility in a 3 Mile Radius
  • Drive up Climate & Non-Climate (flexible)
  • Average Household Income in 3 Mile Radius – $87,857
  • Projected Annual Population Growth in a 3-Mile Radius – 1.11%
  • 4 Miles from Newton Data Center – Facebook (Meta) & Rivian Multi-Billion Dollar Facilities

FACILITY SUMMARY

Property Name:

Social Circle Storage

Address:

111 Thurman Baccus Wy, Social Circle, GA 30025

County:

Walton County

Lot Size:

8.2 Acres

Total NRSF:

27,780 NRSF

Total Units:

234 Units

Units Size:

25-250 SF

Physical Occupancy

98%

Economic Occupancy

84%