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31844550
31844551

1015 Church St, Meigs, GA 31765

PC
GA 379197, AL 000120814 - 0
Corry Group
Listed by Corry Group
$270,000
46 days on market
Updated 45 days ago
Opportunity zone

Meigs Mini Storage

Details
Property Type Self Storage, Land
Net Rentable (SqFt) 5,400
Units 50
Occupancy 99%
Acreage 1.300

Self Storage | 50 Units | $5,400/unit

Marketing description

Meigs Mini Storage is operating at 95% physical occupancy positioned on 1.3+/- acres in Meigs, GA. It contains 50 non climate controlled units and is in the center of town neighboring the community center and post office. Meigs Mini Storage operates with a strong physical occupancy and attracts tenants from neighboring towns such as Moultrie, Pelham and Cairo. It is the only self storage facility in the city which results in zero competition and control of the market.

Additionally, Meigs Mini Storage has approximately 33,000+/- SF of land that can be used for expansion of additional storage or Boat/RV Parking. This facility can be easily automated to immediately reduce expenses and increase overall net income. This deal presents a unique opportunity to acquire a self storage facility at or below replacement cost with plenty of room for expansion and the ability to increase economic occupancy and net income with proper management in place.

Investment highlights

  • No Competition within 12 Miles
  • 95% Physical Occupancy
  • Ability to Increase Rents
  • 33,000+/- SF of Land Available for Expansion
  • Ability to be Managed Remotely (Reduced Expenses)

Listing Contacts

PC
GA 379197, AL 000120814 - 0
Corry Group
Listed by Corry Group

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