Storage Near Me - Houston Lake Road

Self Storage Investment Opportunity

INVESTMENT HIGHLIGHTS

Class A, institutional-quality asset located outside Warner Robins, the 10th largest city in Georgia
7% population growth since 2010
Great opportunity for implementation of professional third party management platform to accelerate lease-up, introduce standard revenue management and tenant insurance strategies
Average street rates are more than 12% below the market average for comparable sized units versus professionally managed facilities within the trade area
Strong 3-mile trade area demographics - $116,000 average household income
Appealing supply and demand fundamentals with the 3-mile trade area (7.48 RSF per person)

GENERAL DESCRIPTION

Storage Near Me is a 102,625 RSF (38% climate control) facility located in Kathleen, GA, located within the Warner Robins MSA. The property is located 1 mile south of Georgia Hwy 96 and is in close proximity to residential and commercial development growth.

The project’s Phase 1 of 56,625 RSF was delivered in June 2020 and achieved stabilization occupancy of 80.65% (Economic), 92.87% (Physical) and 92.33% (Unit) prior to the 45,200 RSF. Phase 2 coming online in October 2022.

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