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30044336
30044338

800 Pine St, Calhoun, GA 30701

CB
GA GA: 413257, TN TN: 357400
Freestone Property Group
Listed by Freestone Property Group
$1,400,000
93 days on market
Updated 93 days ago

Red Shark Storage-Calhoun

Details
APN C13 021
Property Type Self Storage
Sub Type mini warehouse
Square Footage 48,000
Net Rentable (SqFt) 48,000
Units 407
Cap Rate 7.01%
NOI $98,151
Occupancy 55%
Pro-Forma Cap Rate 12%
Pro-Forma NOI $168,000
Price per SqFt $29
Broker Co-Op Yes
Class C
Year Built 1998 & 1955
Buildings 17
Acreage 4.540
Zoning C-2
Investment Type Value Add
Sale Condition For sale by owner

Self Storage | 407 Units | $3,440/unit

Marketing description

Freestone Property Group presents a 407-unit, income producing self-storage facility situated on 4.54± acres in the heart of Calhoun, Georgia. Originally constructed in 1955 as the former Gordon County Hospital, the main structure was later converted to storage and has operated as such successfully for approximately 30+ years. In addition to the main structure, 16 metal mini-warehouse buildings were added in 1998. The property combines durable construction, automation focused improvements, and meaningful upside potential.

Facility Overview

407 Total Units
35 Climate-Controlled Units
372 Standard Units
Additional income-producing parking/storage spaces (inside fence)

48,000+ SF Under Roof
21,400 SF above-grade main brick building w/metal roof in
10,400 SF basement level
16,800 SF across 16 metal mini-warehouse buildings (circa 1998)

The site is secured with 6’ chain-link fencing with barbed wire and two brand new gate operators.

Listing Contacts

CB
GA GA: 413257, TN TN: 357400
Freestone Property Group
Listed by Freestone Property Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$98,151.00
$8,179.25/mo

Valuation Metrics

0
DSCR
7.01%
Cap Rate
7.01%
ROI

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Additional Information

Name
Chase Buckner
License
GA: 413257
Brokerage
Freestone Property Group LLC
Title
Qualifying Broker
Brokerage Address
5721 Marlin Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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