Lender-Owned Self-Storage Property With Additional Income
Lender-Owned Self-Storage Property With Additional Income
Marketing description
Economy Self-Storage presents an exceptional value-add investment opportunity in the growing Augusta, Georgia market. Strategically located on a busy thoroughfare, the property offers high visibility and strong potential for income growth under improved management.
The facility was historically well-occupied. The property has recently come under new professional management and is already showing signs of a rapid lease-up trend.
The property offers four distinct income streams, providing diversification and stability potential for investors:
1. 122 non-climate controlled storage units
2. Two office suites – one leased and one available for occupancy
3. Potential Parking income via a U-Haul contract, generating 15% of lease income
4. Lease with Wow Way West Utility Station (3k/annually)
With strong fundamentals, a growing local economy, and significant upside through improved operations and marketing, this facility represents an outstanding opportunity for a savvy investor to unlock substantial value through stabilization and rent optimization.
Investment highlights
2 offices (±1,155 SF each)
122 NCC Storage Units
Potential U-Haul contract
Wow Way West Utility station lease
B2 zoning
±2.4 Acres
±11,290 NRA, GBA (±8,980 storage, ±2,310 office)
3 buildings
25,486 traffic count
Price per SF is $52
3-mile radius population is 31,916
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