GRAY LINE STORAGE
Self Storage | 150 Units
Marketing description
Gray Line Storage is a value-add self-storage facility comprised of 150 non-climate drive-up units totaling 22,425 net rentable square feet. The property is strategically located at 5410 Hawkinsville Road in Macon, Georgia, positioned directly at the intersection of US Highway 41 and Cargill Road, a primary north-south thoroughfare handling over 27,000 vehicles daily. This exceptional location provides seamless regional access to Interstate 75 and is just minutes from downtown Macon.
The facility offers significant upside potential through lease-up, stabilization, and the implementation of existing customer rent increases. With a current unit occupancy of 66.67% and economic occupancy of 56.41%, there is substantial opportunity to increase revenue to market rates. The property features a 500 square foot office space that can be rented out for additional income or used for management purposes. The facility is an excellent candidate for remote management, with automatic gate access, keypad entry, and management software already in place.
Macon is located in Central Georgia approximately 80 miles southeast of Atlanta and is home to 157,065 residents. The Macon-Bibb County MSA is the fifth largest in the state of Georgia with 238,553 residents. The trade area features a healthy population of 43,121 residents within five miles of the property and a strong average household income of $74,477 within three miles. The area is undergoing significant industrial and residential development, highlighted by Unified Legacy's $125 million investment to construct a 610,000-square-foot manufacturing facility creating up to 500 new jobs in South Bibb County.
Investment highlights
- Value-Add Self Storage Facility Comprised of 150 Non-Climate Drive-Up Units Totaling 22,425 Net Rentable Square Feet
- Facility Has a 500 SF Office Space That Can Be Rented Out for Additional Income or Used for Management Purposes
- Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Healthy Population of 43,121 Residents Within Five Miles of the Property
- Strong Average Household Income of $74,477 Within Three Miles of the Property
- Macon is Located in Central Georgia Approximately 80 Miles Southeast of Atlanta and is Home to 157,065 Residents
- The Macon-Bibb County MSA is the Fifth Largest in the State of Georgia and is Home to 238,553 Residents
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