$8,900,000 | 54,789 SF Stabilized Self-Storage Investment Opportunity | Augusta, GA
Overview
- Price
- $ 8,900,000
- Contact
- Ashley Compton - 6157349541
- Property Website
- Click Here
- Sold
- No
- Lot Size
- 1.26
- Units
- 479
- Square Feet
- 54789
Description
The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase CubeSmart Storage – Augusta (managed) located at 1282 Interstate Parkway in Augusta, Georgia. This institutional quality asset was delivered in September of 2021 and achieved stabilization in under 3 years. CubeSmart Storage – Augusta (managed) is located adjacent to Doctor’s Hospital of Augusta along the south side of I-20. This facility is located within a primary retail corridor and services the communities of Martinez, Augusta, Forest Hills, and the Fort Gordon Army Base.
CubeSmart Storage – Augusta is situated on approximately 1.26 acres and consists of a four-story brick and EIFS structure with two floors having grade level access. This facility offers tenants a total of 54,789 rentable square feet and 479 units. In addition, there is space for approximately 15 surface parking spaces. This CubeSmart-managed facility offers its tenants superior amenities, including a full-service on-site management office, 16 24-hour video surveillance cameras, access control system, two freight elevators, multiple loading areas on two different floors, LED lighting throughout, and abundant landscaping.
Augusta is Georgia’s 3rd largest city and is located along the Georgia / South Carolina border. Augusta is a regional center for medicine, biotechnology and cyber security. Fort Gordon is home to the US Army Cyber Command, making it a critical installation in the nation’s security. The area’s demographics reflect a thriving city with well-educated residents working high-wage jobs. The 5-mile population is 146,981 individuals, which is forecast to continue growing by 2.2% annually. The 5-mile radius has an average household income of $104,216, and almost 50% of the individuals have a college degree.
CubeSmart Storage – Augusta will continue to benefit from the institutional quality construction and the prime location in the 3rd largest city in Georgia. The rapid stabilization of this asset is proof this asset if filling a void of Class-A storage in Augusta. CubeSmart – Augusta (managed) is well-positioned for strong economic performance for years to come.
