For Sale
$4,420,000

555 Patrol RdForsyth, GA 31029

High-Yield Self Storage Facility in Forsyth, GA

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional self-storage facility in Forsyth, Georgia presents a compelling investment opportunity. The property, located at 555 Patrol Rd, boasts 158 non-climate-controlled mini storage units, with 52 units newly constructed in 2023. Adjacent climate-controlled units maintain approximately 98% occupancy. The 10,800 square foot facility sits on a 6.2-acre lot, including a 0.5-acre outparcel valued at $150,000. Built in 1994 and extensively renovated in 2023, the property features a fenced perimeter with electronic gate access. The property's strong performance is reflected in its pro-forma NOI of $329,305 and a 7.45% cap rate (8% excluding the outparcel). The property's convenient location just off I-75 near downtown Forsyth, coupled with existing rental rates that offer significant upside potential and the inclusion of several parcels for future expansion, makes this a highly attractive investment for both passive investors and owner-operators. A property manager is currently in place. The asking price is $4,420,000. This turnkey operation offers immediate cash flow and substantial growth opportunities.

Highlights

  • Exceptional Forsyth, GA self-storage facility investment opportunity.
  • 158 non-climate-controlled units (52 new in 2023) plus adjacent climate-controlled units at ~98% occupancy.
  • 10,800 SF building on 6.2-acre lot, including a 0.5-acre outparcel valued at $150,000.
  • $4,420,000 asking price; $329,305 pro-forma NOI; 7.45% cap rate (8% excluding outparcel).
  • Convenient I-75 location near downtown Forsyth; significant upside rental potential; expansion possibilities.

Property Details for 555 Patrol Rd

Property type
Self storage facilities
Year Built/Renovated
1994/2023
Lot Size (sq. ft)
270,072 SF

Location Insight

City
Forsyth
County
Monroe
State
Georgia
Latitude
33.032848
Longitude
-83.9231849
555 Patrol Rd, Forsyth, Georgia

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555 Patrol Rd
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