Listed by ParaSell Inc, Urow Real Estate
Unpriced
Weaver Boat & RV Storage
Details
APN 256-000-031
Property Type Self Storage
Square Footage 101,400
Units 211
Stories 1
Acreage 21.000
This is an exclusive opportunity to acquire Weaver Boat & RV Storage, a 96,000 NRSF facility with 21
Marketing description
HOW TO REGISTER:
- Go to www.urowrealestate.com
- Click Login on the Top Right of the Screen
- Press Register
- Enter Your Contact Information
- Once Your Account is Approved, You Will Receive an Email
START HERE IF YOU ALREADY HAVE AN EXISTING ACCOUNT:
- After Your Registration is Completed, Click this Link for the Deal: https://www.urowrealestate.com/listings/weaver-boat-and-rv-storage
- Click "Documents" Above Pictures, or "Financial Documents" to the Right of Pictures, to Execute a Confidentiality Agreement and Access the Deal Room with the OM and Financials
- Note: For an instructional video on activating your account, navigating the website, and resetting your password, please see: https://www.youtube.com/watch?v=dt4PI7BkMo0&ab_channel=PerePascual
Investment highlights
- High Occupancy Across Facility: The facility is currently 100% occupied across 211 units and 101,400 NRSF within the Lake Lanier submarket, with several nearby competitors currently operating on waitlists.
- Below-Market Rental Rates: Current asking rents remain approximately 50% below competing market rates across multiple covered and enclosure unit types.
- Strong In-Place Cash Flow with Upside: The property generated $408,600 of trailing twelve-month effective gross income, with projected effective gross income increasing to $654,733 by Year 5.
- Diverse Boat & RV Unit Mix: The property includes 164 covered parking spaces, 1 warehouse, and 46 enclosed units with configurations ranging from 10x20 to 15x50, 50-foot-wide paved driveways, and electrical hookups throughout the facility.
- Affluent Atlanta MSA Demographics: The 5-mile trade area includes median household income of approximately $111,099 and continued residential growth supported by approximately 9.7% population growth tied to nearby housing developments.
- Strategic Lake Lanier Retail Corridor: The property benefits from proximity to Lake Lanier (approximately 0.25 miles away), major retailers including Publix, Walmart, Kroger, Aldi, and Walgreens, and direct access to five-lane Browns Bridge Road with approximately 21,500 vehicles passing daily, located approximately 3 miles east of GA-400.
Listing Contacts
Listed by ParaSell Inc, Urow Real Estate
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