Recently Constructed, Atlanta Suburb Self-Storage Opportunity – McDonough, GA
180 Cason Way, McDonough, GA 30253

Access Deal Vault
Price
Market Bid
NRSF
McDonough, GA
New Construction
Fully climate-controlled, class-A facility built in 2022
Achieved 83% physical occupancy in less than 12 months of being open
Strong population growth of over 7% annually over the past 10 years
In-place NOI projected to more than double in the first 36 months of ownership to just under $1.4 MM
Ample opportunity to bring achieved rents up to market levels

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the Life Storage in McDonough, GA.

Take advantage of the opportunity to acquire this nearly stabilized self-storage facility consisting of 76,935 fully climate-controlled rentable square feet. Built in late 2022, this 3-story, class-A facility is outfitted with all the latest technology and security features for secure storage. The facility offers 187 first floor units and 507 elevator accessible units, totaling 694 climate-controlled units spread over the 3 floors. The facility has achieved an excellent lease-up in less than a year of being open, with 83% of rentable square feet occupied as of August month-end.

Situated in the Atlanta suburb of McDonough, GA, the facility is just a 40-minute drive from downtown Atlanta. The Atlanta metro is home to a staggering 6.1 million residents, sitting as the eighth most populous metro in the nation. A well-educated workforce coupled with affordable costs of doing business continue to draw new opportunities to the busy metro. The facility sits along Jonesboro Road, a busy thoroughfare through McDonough, that sees an average daily traffic volume of over 33,000 vehicles. Interstate 75 is located under a mile down Jonesboro Road, providing convenient access to downtown Atlanta. The adjacent parcels surrounding the facility are planned for retail and restaurant establishments, increasing the future visibility and immediate foot traffic upon their completion. The facility’s 1-mile trade area has seen impressive growth over the last 10 years, with an average population growth of 7% annually. This rapid growth is expected to continue, with over 1,800 multifamily units currently in various stages of planning and development within a 1-mile radius supporting these trends.

This investment presents the unique opportunity to acquire a nearly stabilized self-storage facility in a rapidly growing Atlanta, GA suburb. With current economic occupancy at 46%, this investment offers ample room to bring achieved rents up to market levels and further increase revenue by fully stabilizing physical occupancy. With the trade-area’s rapid growth and proven strong demand for storage, NOI is expected to more than double in the first 36 months of ownership based on our projections, with expected returns in the high-teens.

McDonough, GA

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the McDonough, GA Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



SIMILAR PROPERTIES

Tampa Bay MSA, Value-Add Self-Storage Opportunity - Clearwater, FL
Cushman & Wakefield’s Self Storage Advisory Group has been exclusively retained to offer for sale, the Bison Storage Self-Storage Opportunity in Clearwater, FL.…
VIEW PROPERTY
Birmingham MSA Self-Storage Conversion Opportunity – Fairfield, AL
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of a Self-Storage Conversion Opportunity located in the…
VIEW PROPERTY
New Construction Self-Storage Opportunity – Fort Myers, FL
Cushman & Wakefield’s Self Storage Advisory Group has been retained to offer for sale, the Fort Myers, FL C/O Self-Storage Opportunity. This investment…
VIEW PROPERTY
Southwest FL Shovel Ready Self-Storage Development Opportunity – Cape Coral, FL
The Self-Storage Advisory Group of Cushman & Wakefield has been selected to market the sale of this proposed self-storage site in Cape Coral,…
VIEW PROPERTY
Entitled Land Opportunity - Venice, FL
Cushman & Wakefield’s Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale the Venice, FL Self-Storage Entitled Land Opportunity.…
VIEW PROPERTY
Recently Constructed, Class-A Self-Storage Opportunity – Osprey, FL
Cushman & Wakefield’s Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale the CubeSmart Self Storage Osprey, FL Self-Storage…
VIEW PROPERTY
Value Add 5-Property DFW Self-Storage Portfolio - Dallas–Fort Worth MSA
The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the FreeUp Storage Dallas-Fort Worth…
VIEW PROPERTY
VIEW MORE



What can we do for you?