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67-Unit Self Storage Opportunity | 8.2% Cap Rate

705 Oothcalooga Street
Calhoun, GA 30701
PRICE : $465,000
CAP RATE: 8.2%
PROPERTY TYPE: Special Purpose
SITE SIZE: 1.30 Acres
BUILDING SIZE: 10,896 SF
YEAR BUILT: 1985

Highlights

  • 8.2% cap rate
  • 10,896 SF facility on 1.3 acres
  • Convenient drive-up access
  • Value-add local facility
  • Consistent 89% occupancy
  • Low vacancy

Description

Bull Realty is pleased to offer this opportunity to own a fantastic value-add 10,896 SF self storage property with room for expansion on 1.3 acres in beautiful Calhoun, Georgia. The current property features 67 units, with a mix of 4 prime sizes only, 10x20, 10x10, 9x18 and 9x9. There is ± 0.03 acres of undeveloped land for a great growth opportunity.

The average rents for the area on a 10x20 drive-up unit is $100, so there is room to continue to increase rents. The facility has had consistent occupancy of 89% and is an excellent opportunity at a 8.2% cap rate to enter the self storage sector. This property is located on the Highway 53 spur (Oothcalooga St.), less than 1 mile from Highway 41 and 3 miles from Interstate 75.

Area attractions include, Georgia Northwestern Technical College, Calhoun Motorcross Park, Habitat for Humanity, Calhoun Aquatic Center, Calhoun-Gordon County Library and the Municipal County Court Houses.

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