The offering provides the opportunity to acquire a recently delivered, climate-controlled storage asset within the Atlanta MSA, one of the Southeast’s most economically diverse and resilient metropolitan areas. Delivered in 2021, the property occupies a 1.02-acre site and comprises 57,617 rentable square feet across 497 climate-controlled units and one retail space. The facility features a modern unit mix and efficient layout, including an on-site leasing office, controlled gated access, elevator-served floors, and comprehensive video surveillance. The asset demonstrates strong operating performance, with physical occupancy of approximately 94% and economic occupancy of approximately 96%. This reflects a completed lease-up and stable in-place revenue base, while preserving meaningful upside through continued rental rate growth and operating efficiencies rather than additional occupancy gains.
The property is located along Veterans Memorial Highway, a primary corridor within Cobb County carrying traffic volumes in excess of 35,000 vehicles per day, providing strong visibility and accessibility. The surrounding trade area is supported by dense population fundamentals, with approximately 176,000 residents within a five-mile radius and average household incomes exceeding $86,000.
Mableton is an evolving submarket within Cobb County, benefiting from proximity to major employment centers and Atlanta’s broader logistics and corporate infrastructure. Recent incorporation, residential development activity, and public investment continue to support housing growth and long-term demand for self-storage in the area.
Overall, the offering represents a core-plus investment characterized by stabilized cash flow, limited capital requirements, and durable upside driven by rental rate growth and favorable demographic trends. The asset’s modern construction and established operating profile position an incoming owner to focus on income growth with limited execution risk.