Storage Time Conyers

Call for Info | 73,765 NRSF | 521 Units | Conyers, GA (Atlanta MSA)

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INVESTMENT OVERVIEW

Storage Time is an institutional quality, Class A facility consisting of 73,765 NRSF among 521 total units. The facility is located in the outlying suburb of Conyers, GA which is a key component of the Atlanta MSA. Included is a mix of 260 single story, drive up units ranging from 25-300 SF, and 261 fully climate controlled units ranging from 25-360 SF. The facility was constructed in 2017 and features a spacious well-appointed leasing office, cement drive aisles, keypad gate access, and security cameras throughout with no immediately necessary capital expenditures.

Currently, Storage Time sustains strong physical occupancy of 84.3%, with an economic occupancy of 71%, which indicates ample opportunity to increase rates on existing tenants as there is a current monthly variance exceeding $17,000. The facility also offers the opportunity to reduce vacancy by implementing a dynamic revenue management program to drive rentals in this flourishing market.

Storage Time benefits from its visibility along GA-138 and Flat Shoals Roads along Iris Drive, with a prominent clock tower signage feature, driving traffic and increasing brand presence. Further, the facility is located among a multitude of dense residential developments and national retailers and is situated within the primary retail corridor in Conyers.

INVESTMENT HIGHLIGHTS

  • 73,765 NRSF | 521 Units
  • Significant opportunity to reduce monthly variance in excess of $17,000
  • Well Located in the Atlanta MSA with signage and visibility along GA-138 and Flat Shoals Road
  • Well maintained asset with no immediately needed capex

FACILITY SUMMARY

Property Name: Storage Time Conyers
Address: 1050 Flat Shoals Rd SE, Conyers, GA 30013
County: Rockdale County
Land Size: 4.32 Acres +/-
Total NRSF: 73,765 NRSF
Total Units:  521 UNITS
( 260 Non-Climate  & 261 Climate)
Physical Occupancy: 85%
Economic Occupancy: 75%
Building Count: 5 Single Story Metal Buildings
Access Keypad Gate Access,
Security Cameras Throughout