Midgard Self-Storage Opportunity Kennesaw, Georgia
1731 McCollum Pkwy NW Kennesaw, GA 30144
This offering represents an opportunity to acquire a lease‑up asset in a high‑growth suburban submarket within the Atlanta MSA, one of the most dynamic and fastest‑growing metropolitan areas in the United States. Delivered in 2022, the property consists of 75,637 rentable square feet across 695 units on a 1.7‑acre site. The facility is comprised entirely of climate‑controlled units, including a mix of main‑floor and elevator‑served units designed to meet modern consumer demand and maximize achievable rental rates. The property presents a clear value‑add opportunity through continued lease‑up and revenue growth. In‑place rents through March average approximately $14 per square foot, while market asking rents and achieved rates indicate meaningful upside as the asset stabilizes and management continues to optimize pricing.
The property is strategically located along McCollum Parkway with direct access to Interstate 75 and Interstate 575, providing connectivity to the broader Atlanta metro area. The surrounding trade area is supported by strong demographic fundamentals, with over 187,000 residents within a five‑mile radius and average household incomes approaching $122,238. Kennesaw represents a highly attractive suburban market within Cobb County, benefiting from proximity to major employment hubs and anchored by Kennesaw State University, which enrolls over 50,000 students. Continued population growth, strong housing fundamentals, and ongoing economic expansion position the area for sustained self‑storage demand.
Overall, this offering presents a compelling lease‑up investment opportunity, combining a high‑quality, recently delivered asset with significantly embedded upside through stabilization in a supply‑supported, high‑growth Atlanta submarket.