Strategic Positioning: Conveniently located next to the former St. Marys Airport, currently in Phase 1 of a redevelopment project aimed at creating a hub for industry, manufacturing, and entertainment.
Mom-and-Pop Ownership: The Property is owned and managed by a mom-and-pop operator based in California, offering a unique opportunity to bring in modern revenue management practices and improvements.
Value-Add Potential: Current in-place rents are approximately 15% below market, offering a significant opportunity for an investor to implement ECRI strategies to increase the rent roll to market.
Limited Competition: Only five competitors within a three-mile radius, with the largest offering approximately 21,500 rentable square feet, positioning Kings Bay Self Storage as the only institutionally sized facility in the trade area.
Long-Term Growth: The lack of quality nearby alternatives for customers positions the Property for long-term rent growth and appreciation
The Cushman & Wakefield Self Storage Advisory Group has successfully sold the Kings Bay Self Storage.
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