Self-storage development opportunity in Richmond Hill, GA on 3.71 acres. The site has visibility from US-17, with over 21,000 cars per day.
Richmond Hill, GA (Bryan County), a suburb of Savannah, is the fastest growing county in Georgia and the 6th fastest growing county in the Country. Richmond Hill has been growing at 4.92% annually. There has been a growth rate of over 15.52% since the 2020 census. Richmond Hill is located between major metro areas Savannah, GA and Jacksonville, FL. Residential development in the area includes approximately 500 multi-family units and over 1,000 single-family units under various stages of development.
The proposed configuration is a 3-story, 84,269 GSF, climate controlled, Class A self-storage building. The subject property is zoned for use and is site plan approved. Buyer can go straight to construction drawings and permits.
Prime development opportunity along McGregor Blvd. in Fort Myers with proximity to Sanibel and Captiva Island, Punta Rassa and parts of Fort Myers Beach. McGregor Blvd. is a major access road with over 25,000 cars per day, connecting Cape Coral/Fort Myers to the Sanibel/Captiva Islands. This market holds dense residential population with significant recreational areas including several boat ramps and many RV resorts. This site also enjoys convenience to large national retailers such as the Sanibel Outlet Mall, Publix, Walmart Supercenter, Target and more. Lack of developable land in this sub-market, and a strong performing self-storage market (95%+ occ. rate) makes this site an exceptional opportunity.
There are currently over 1,400 residential units under various stages of construction within the immediate market area. Growth in the area is over 8% year over year according to the Census Bureau. Cape Coral, according to the 2020 Census Bureau, has seen a population rise of 30% from the 2010 Census and is the largest city between Tampa and Miami in both population and area. Sanibel Island is a deed restricted community that does not allow for storage of any kind, with the nearest self-storage facility being over 10 miles from its center. The area is a #1 tourist destination in Florida and internationally.
The site is ready for construction drawings/permits to be submitted, as it already has a fully approved Site Plan/Development Order from Lee County for a 101,247 SF, Class A climate-controlled storage building.
Mulberry Grove StorageCall Broker for Price247 Units
Mulberry Grove Storage is a class A two-story climate-controlled facility in the growing city of Cataula, Georgia, just 10 minutes outside of Columbus, Georgia with a bustling population. The property benefits from numerous single family and multifamily new construction projects located in very close proximity. The area is showing good growth, with plenty of upcoming and planned developments in the immediate vicinity.
Mulberry Grove Storage was completed in early 2023, and opened in April, 2023. within a few short months the facility has experienced a strong leasing velocity to a current 32% and growing. The property features excellent visibility from highway 315, easy access to all units with both floors having ground level access, state of the art access and security features, and institutional quality build and finishes.
The property will be conveyed with a first right of refusal on 4+ acres across the street for excellent expansion opportunities.
Phenomenal redevelopment opportunity in downtown Sioux City, Iowa on historic 4th Street. The building site is on three parcels totaling 1.04 acres and contains 57,500 +/- GSF for a self-storage conversion. The current owner received approval for self-storage as a conditional use in the summer of 2022. Additionally, the property is located in an Opportunity Zone and adjacent to a brand new multifamily complex.
Constructed in 2002, Eagleridge Mini Storage, in the heart of Pueblo, consists of 616 self-storage units totaling 75,350 of rentable square feet. The property has historically been very highly occupied and currently sits at 99%. The owners recently delivered a climate control expansion consisting of 65 additional units. This expansion is now full as well. The new buyer will be able to realize outsized revenue growth through revenue management due to low in-place rents.
High-quality storage development site in Moore, OK, located in the Oklahoma City MSA with strong demographics (3-Mile AHHI of $89,000; 3-Mile Population of 73,706).
Opportunity to gain additional scale by building multi-story.
Franks Creek Storage is located in Hahira, GA just a couple miles north of Valdosta, GA. The facility has 2,700 feet of road frontage on I-75 (56,400 AADT) with excellent visibility. Franks Creek Storage is located in an area of growth in Lowndes County, GA. The 2010 population was 109,233 and has seen a growth of 10.73% since that time.
The property is being built in Phases: Existing Phase 1 (4 acres) consists of 38 climate controlled units, 119 non-climate-controlled units, 32 covered boat/RV units, and 3 uncovered parking spaces totaling 35,292 RSF.
Phase 2 (4 acres) has site plan approval for an additional 430 units and 59,350 RSF of climate and non-climate controlled storage with retention.
The remaining 4 acres are zoned General Commercial and can be used per zoning.
This facility also has a 900 SF air conditioned office with bathrooms.
World Wide Storage + Tractor Supply Co.$5,700,000375 Units
World Wide Storage is a single-story 375-unit storage facility located on the main thoroughfare into Bay City. Not only is it the newest and best-in-class facility, but it’s also 98% climate controlled with mezzanine expansion options. Since opening in August 2022, the property has achieved 52% Economic Occupancy, which places well above the three-year industry standard leasing curve. Newer improvements including 4k security cameras and stadium lighting paired with the new construction are what continue to attract Bay City and surrounding area renters. Previously an old Walmart, the building is located on approximately 10.83 acres of land (per Matagorda CAD records) and includes a large parking lot adjacent to 7th Street. The east side of the building is 100% leased to Tractor Supply Co., who occupies 26,950 square feet for three (3) five-year extension periods with another four years left on the lease. Combined with the stability of the credit rated triple net tenant, growing demographics, and a strong first year leasing period, this opportunity presents a unique investment opportunity.
Bo’s Self Storage is a 112 non-climate controlled unit facility located seconds away from I45 in La Marque, Texas. It contains new property improvements and is adequately positioned to be remotely managed. The new property improvements include stadium lights and 4k cameras. Both are great additions for either a nearby owner looking to expand or a first-time buyer. The improvements coupled with the surrounding gate ensure a safe storage experience for local renters. The current owner has achieved 76% occupancy since purchasing the facility in 2021 and continues on an upward trajectory. In addition, the site contains a 1,800 square foot office space. Given the property’s location, amenities, and track record, it has consistently achieved increasing occupancy rates and demonstrated market resilience with comparable properties.
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 Storage$3,495,000114 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.
