The Greers Ferry Storage Portfolio includes 5 different locations near Greers Ferry Lake. These locations are all close to popular boat launch sites on the water including (Devils Fork Rec Area, Shiloh Marina, The Narrows Rec Area, and Cove Creek Rec Area). In most cases, they are the closest boat and RV storage facilities to those launch sites.
There is significant room for expansion at 3 of the locations. There has been substantial improvement in the portfolio’s performance in recent years, as a result of enhanced management. The facilities offer significant upside to a new owner, as physical occupancy is 71% and increasing.
Daphne Toy Box Storage was built in 2022 and is located at 9655 Milton Jones Road in Daphne, AL. The facility is between four-laned Hwy. 181 to the east and County Road 13 to the west, both intersecting with nearby County Road 64 (Daphne Avenue) to the north. This area is one of the fastest growing in Alabama with many new subdivisions in the area and additional ones in the planning stages.
The property is +/- 8.8 acres with a gated entrance and 6’ fencing around the entire perimeter. There are currently five buildings with 62,490 rentable square feet with 199 total units consisting of 96 non-climate units and 103 climate controlled units, ranging in unit sizes from 180 SF to 900 SF. Four additional buildings have been approved with the opportunity to increase the square footage by another 63,121 rentable square feet.
Daphne Toy Box Storage has a leasing office that is 306 square feet with a lobby for customers and a separate office and breakroom for employees. There is also 594 square feet of rentable office space with a lobby, conference room and an office with storage closet. There is a shared restroom between the two spaces.
Crest Hill on Renwick Road is a fully-entitled self storage development site ready to serve the Crest Hill, Lockport and Joliet sub-markets of the southwest Chicago MSA. It is located close to the busy intersection of Renwick and Weber Roads.
The site has great visibility and is located in a high growth area. The current supply of self storage within 3-miles and 5-miles is below national averages, and that gap bodes well for this project’s future.
The lot is level and slopes gently towards a retention pond sufficient for its size. This is truly an outstanding project within a jurisdiction that has embraced the development.
Excellent location in Loxley on State Hwy. 59 and E. Union Ave. (County Road 64). Property fronting Hwy. 59 has a 1,300 SF office and a 4,800 SF office/warehouse with 3.3+/-acres. Property fronting E. Union has an 80 unit non-climate control self storage facility with three buildings and situated on 2.10+/- acres with room for expansion of more self storage or Boat/RV storage.
Price derived from the existing self storage facility ($700,000); office and office/warehouse on Hwy. 59 ($1,600,000); and excess land for expansion ($350,000).
Bo’s Self Storage is a 112 non-climate controlled unit facility located seconds away from I-45 in La Marque, Texas. It contains new property improvements and is adequately positioned to be remotely managed. The current owner has achieved 81% occupancy since purchasing the facility in 2021 and continues on an upward trajectory. In addition, the site contains an 1,800 square foot office space which is leased until January 2024. Given the property’s location, amenities, and track record, it has consistently achieved increasing occupancy rates and demonstrated market resilience with comparable properties.
New Storage of Granbury, Texas is located on the west side of town approximately 1/4 mile from the Lake Granbury Medical District of Hood County. New Storage is an opportunity for a buyer/ investor to upgrade management systems, specifically the software of the facility. In doing so, the upside of increased rentals would be almost immediate and cash flow the property positively.
Aero Treasure Coast Storage includes two non-contiguous storage properties built on long-term land leases, owned by Vero Beach Regional Airport. Aero Treasure Coast Storage is strategically located at the Vero Beach Regional Airport near downtown Vero Beach, with close proximity to the West Vero Corridor, US-1 and I-95. Both facilities combined house a total of 632 storage units (341 of which are climate controlled) plus 18 boat/RV spaces totaling 63,300 of rentable SF. The facility is 96% occupied, indicating a strong market and opportunity to raise rates.
Berkshire Route 15 Self StorageCall for Price114 Units Units
Berkshire Rt. 15 Self Storage is a 115-unit self-storage facility with approved expansion plans located in Wharton, New Jersey. The subject facility is positioned on a total of 3.28 acres of land and consists of approximately 13,990 net rentable SF of self-storage & 2,500 net rentable SF of parking, spanning 104 Climate-Control and Non-Climate-Control self-storage units and 10 Outdoor Parking Spaces. The facility is comprised of two self-storage buildings (single-story and 2-story) and one 2-story 5,220 SF office building.
The subject property is positioned on 5.49 acres of land with a newly built Self-Storage Facility totaling 54,470 gross square feet. The facility features 293 Units (163 Climate-Control Units, 117 Drive-Up Units, 11 Drive-Up-Climate-Control Units, 2 Drive-Thru Units) totaling 48,203 net rentable square feet. The facility was completed in May 2023 and is open for leasing, currently at 24% occupancy, providing investors with an opportunity to maximize income potential in completing a strategic lease-up phase.
Self Storage development site located in rapidly growing Palm Bay, FL on 2.04 +/- acres. The proposed site is a 4- story 120,000 GSF climate controlled building with 4,395 additional GSF of drive up non-climate controlled storage bays. Sale will be contingent upon the Seller providing site plan approvals as well as two administrative waivers for bldg. height increase and parking reduction.
Industrial & Storage Development OpportunityCall for Price
176 Sunny Valley Road is a Self-Storage & Industrial Development Opportunity located in New Milford, CT.
The subject offering consists of 11.44 +/- acres of land, and will be delivered with approved plans for a 127,900 gross square foot Self-Storage facility and 68,600 gross square foot Warehouse, with an interior road servicing both properties.
The Self-Storage component will consist of a total of 5 buildings. One 3-story climate-controlled building, and four 1-story buildings consisting of a mix of drive-up and climate-controlled units. The Warehouse component will consist of a 1-story industrial building.