2 Locations

To access the full deal room, please visit the website: https://www.marcusmillichap.com/properties/201930/ellaville-roberta-self-storage-two-property-portfolio

Marcus & Millichap is pleased to present the opportunity to acquire Ellaville Self Storage and Roberta Storage, a two-property self-storage portfolio located in Roberta, GA and Ellaville, GA. The portfolio consists of 386 storage units totaling 56,760 rentable square feet, plus five retail units, and a car wash.

The portfolio is approximately 73% physically occupied and generates a current NOI of $239,747, with projected Year-Two NOI of $344,098, representing an 9.5% year 2 pro-forma cap rate.

This provides investors with the opportunity to acquire a stabilized yet under-optimized storage portfolio with significant operational upside through lease-up, rental rate optimization, and additional ancillary income streams.

The Roberta Storage facility, located at 208 South Dugger Avenue, consists of 203 units totaling 32,360 rentable square feet on approximately 2.29 acres. The property features a mix of drive-up and climate-controlled storage units, along with five retail suites, and a self service car wash. The retail component and car wash infrastructure create additional revenue potential beyond traditional storage income.

The second facility, Ellaville Self Storage, located at 266 Industrial Drive, consists of 188 units totaling 24,400 rentable square feet on approximately 1.9 acres. The property is approximately 65% occupied, presenting meaningful lease-up potential for a new owner. Additionally, the site offers expansion opportunities, allowing investors to increase rentable square footage and further grow revenue.

Both markets benefit from limited storage supply, with market saturation below 7 square feet per capita, which is well under the industry equilibrium level. This supply dynamic supports continued occupancy growth and the ability to push rental rates over time.

With a diversified income stream, favorable supply dynamics, and operational upside, this portfolio is and attractive opportunity for investors seeking strong in-place cash flow with additional value-add potential through lease-up, revenue management, and expansion.