Crazy Ray's Self Storage
Self Storage | 482 Units
Marketing description
For documents and more info access here: https://crazyraysselfstorage.sharplaunch.com/
Investment highlights
GROWING AREA WITH STRONG RESIDENTIAL DEMAND
Significant residential growth (nearly 500 units less than 1 mile from the asset) throughout the Athens market.
CLEAR OPPORTUNITY TO PUSH RENTS
In-place rents are below market, giving a new owner a realistic path to increase NOI through steady, well-timed rent increases.
PRIME CORRIDOR EXPOSURE
Direct frontage and convenient access along U.S. Highway 29, a major commercial corridor in Athens with approximately 21,300 VPD, providing strong visibility and accessibility within the local trade area.
LIMITED COMPETITION AND NEW SUPPLY
No new self storage facilities planned or under construction within a 10-mile radius. Limited development activity in the area helps keep supply in check and supports long-term pricing stability.
STRONG HISTORICAL OCCUPANCY
Historical occupancy has trended ~90% (recent dip into the 80s due to new units coming online) representing an opportunity to focus on loss-to-lease immediately upon acquisition.
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