BE Safe Climate Storage Lease-Up Opportunity$2,500,000 133 Units
Call for Offers Due: March 27, 2024
BE Safe Climate Storage is a lease-up opportunity in Douglas, GA that opened in October 2023. There is 24/7 access, and this facility is fully fenced with video surveillance. The facility consists of 133 climate controlled units that have quickly started to lease up (23% leased currently – 31 units).
This 16,250 RSF facility is centrally located on Bowens Mill Road close to major retailers such as Chic-Fil-A, Harveys Supermarket, Lowes, Starbucks, Publix and a Walmart Distribution Center. Southern GA State College is also very close.
There is limited climate controlled units in the area which sets this facility apart from its competitors.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.
County Road 64 Storage is comprised of two locations in Daphne, AL. The main location is located at 10870 County Road 64, and the annex is located at 10371 County Road 64, which is approximately ½ mile apart.
The main location is comprised of four buildings which includes 224 climate control units and 282 non-climate control units. Additionally there are 165 open boat & RV parking spaces. This location is entirely fenced and gated with an electronic keypad access gate. It is also monitored with 18 security cameras. There is an onsite office with a small break area as well as an attached garage with a roll-up door that is used for company storage.
The annex location is comprised of 9 warehouse units that are 1,000 rsf each. Additionally there are 15 open boat & RV parking spaces. This location is also entirely fenced and gated with an electronic keypad access gate.
Value-add opportunities include implementing a tenant insurance program, increasing management efficiency, adding an online rental program and utilizing the expansion land.