The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of this shovel-ready site in Kennesaw, GA.

This development opportunity consists of 6.38 acres, with permitted plans for a 100% climate-controlled, 3-story self-storage facility consisting of 102,264 gross square feet and 75,715 rentable square feet. The building has direct loading access on the middle and the bottom floor. Hence, similar rental rates can be achieved for those floors. The site has been rezoned to General Commercial (GC) which allows for retail development on the site and a Special Land Use Permit (SLUP) for self-storage was obtained. In addition to the development opportunity, there is an additional 1.33 acres of outparcel space available for future development or sale with signage available directly on Wade Green Rd for both the outparcel user and self-storage.

The site is located just off the I-75 corridor on Wade Green Rd in a densely populated area, with limited availability for commercial land. The site is adjacent to several retail establishments, including Publix, LA Fitness, Starbucks, and Bank of America. The site is located close to Kennesaw State University, which is the third-largest university in Georgia and has nearly 43,000 students enrolled. Additionally, there are several residential projects being planned in the trade area, including a planned senior living facility directly across from the facility. The trade area shows excellent population density of nearly 90,000 people within the 3-mile radius with more than $85,000 in median household income and 1.2% annual population growth from 2020 to 2023. Its closest competitors, Extra Space at 4105 George Busbee Parkway and Extra Space at 3950 Jiles Road are both approaching full occupancy.

This investment offers a unique opportunity to build a Class-A self-storage facility in a densely populated and affluent trade area, with an opportunity to generate additional cash flow by sale or development of the outparcel.