553 Patrol Rd – Holiday Mini Storage Forsyth, Ga
553 PATROL RD , FORSYTH, GA 31029
$3,800,000
Basics
- Area, sq ft: 28000 sq ft
- Category: Commercial
- Cap rate: 8.10%
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Description
- INVESTMENT HIGHLIGHTS: Great revenue upside with room for expansion Great for passive Investment , lów deferred maintenance , manager in place Excellent location to I-75 and Downtown Forsyth
- DESCRIPTION: New construction on 52 new units out of a total of 158 non-climate mini storage units, along with the adjacent 78 climate control units that are currently around 98% occupancy. Great location just off I-75 near downtown Forsyth. Fenced with electronic gate access and several parcels available for future expansion. Attractive pricing at 8.01% cap rate which includes a .50 acre outparcel priced in at $150,000 which equates to an 8.43% 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.