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553 Patrol Rd
Forsyth, GA 31029

$3,590,000 USD

Self Storage For Sale  •  28,000 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 28,000 SF
  • Lot Size 5.7 AC
  • Building Class C
  • Year Built 1996
  • Cap Rate 8.13 %
  • Zoning HB
0 Transit Score
36 Walk Score

Description

Thanks for your interest in this opportunity.
The property is in an excellent location with stable to growing occupancy, two fairly new non-climate control buildings that were finished at the end of last year and room to expand.
 There is a total of 156 units of non-climate comprised of 151 storage units and four 9x20 containers. There are 54  climate control units which total 209 rental units.
 Attractive pricing at 8.11% cap rate for the storage units. Rental rates with room for increase as well as future expansion give this property plenty of upside, that coupled with a manager in place make this property perfect for the passive investor or a better return for the owner operator.

Highlights

Great revenue upside with room for expansion
Excellent location to I-75 and Downtown Forsyth
Great for passive Investment , lów deferred maintenance , manager in place

Financial Summary (Proforma)

Net Operating Income: $291,900 USD (2024)
Cap Rate: 8.13 %
Total Expenses: $101,884 USD

Amenities

  • Signage
  • Wheelchair Accessible

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Scott Wilson 478-951-9460 W. Scott Wilson Properties LLC
Scott Wilson 478-951-9460 W. Scott Wilson Properties LLC