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31458036
31458038

4588 New School Rd, Blackshear, GA 31516

$475,000
124 days on market
Updated 91 days ago

4588 New School Road, Blackshear, GA 31516

Details
Property Type Self Storage
Sub Type Investment
Square Footage 7,240
Units 63
Cap Rate 7.37%
NOI $35,002
Occupancy 62%
Price per SqFt $66
Broker Co-Op Yes
Year Built 1997
Buildings 3
Stories 1
Acreage 0.760
Zoning Commercial
Occupancy Date 01/30/2026
Ownership Private

Self Storage | 63 Units | $7,540/unit

Marketing description

Take a look at this great storage facility as your next COMMERCIAL INVESTMENT!! There are 3 nice metal buildings with 53 storage rooms, each with a rollup door. Units vary in size. 5x10 (8), 10x10 (30), 10x20 (12) and 10x20 with rollup doors at front and back (3). Additionally there are 10 outdoor parking spaces which are 12x45 and can be rented to store campers, boats, etc for a total of 63 RENTABLE SPACES. There is room for expansion if you would want to build more. All is fenced around with a nice chain link fence approx. 6 ft. high. The buildings are in good shape and the property is clean and well managed. It has been freshly painted. A security light is present and current owners have cameras. You will be conveniently located between the towns of Blackshear and Patterson, drawing customers from both towns and the many new homes that are being built in the area. Don't miss this opportunity for an investment that is ready to go from day one with tenants already in place.

Investment highlights

Pre-approved for lending on this facility at this price point. Tenants in place and ready to go from day one!

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$35,002.00
$2,916.83/mo

Valuation Metrics

0
DSCR
7.37%
Cap Rate
7.37%
ROI

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Additional Information

Name
Harriet Bowman
License
368034
Brokerage
Fesperman Real Estate
Brokerage Phone
9122816178
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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