Cushman & Wakefield’s Self Storage Advisory Group has been exclusively retained to offer for sale the Extra Space Self Storage Property in Douglasville, GA.
This offering presents a rare opportunity to acquire a best-in-class, institutional-quality trophy self-storage project in a rapidly growing suburban market. The property comprises 82,742 rentable square feet across 736 units and features an elegant exterior design with EIFS, metal, and brick, complemented by a beautiful storefront.
Built in 2022, this facility was recognized as the Georgia Self Storage Association Facility of the Year in 2023, underscoring its superior construction and operational excellence. The facility has leased up rapidly, achieving approximately 90% square foot occupancy within a short period. Currently, the project is 89.9% physically occupied, with economic occupancy at 57.25%, offering significant upside potential for the next owner to push rents to market levels, thereby maximizing income and value.
The facility is strategically located in the thriving community of Douglasville, GA, in a location with high visibility and excellent accessibility. The surrounding area is experiencing rapid growth, making it an ideal location for self-storage investment. This facility stands out in the local market, offering tenants a significantly newer and more modern option than its competitors, which have an average construction age of 1990 within a 3-mile radius.
In addition to the main facility, this offering includes an adjacent 0.96-acre parcel (Parcel 00240150016) which is zoned for storage with site plans in process for 32,500 square feet of bi-level storage. This gives investors the unique opportunity to expand the property, further enhancing its revenue-generating potential.
This facility represents a unique opportunity to acquire a best-in-class, award-winning asset with substantial upside potential and expansion capacity, all within a beautifully designed and strategically located property in Douglasville, GA.
