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
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 |
735 Arlington Ave N, Suite 205
St. Petersburg, FL 33701
727.219.9051
FL License #CQ1059487