Woodstock Storage

Woodstock Storage2019-05-13T14:02:51-04:00

Project Description

The Mele Group of Cushman & Wakefield has been selected to exclusively market for sale Woodstock Storage, located in the Atlanta Metro Area.

Market Bid
NRSF – 74,250

185 Woodstock Parkway
Woodstock, Georgia 30188

Woodstock Storage is comprised of a Class A self-storage facility with 74,250 net rentable square feet and 631 climate-controlled units, ranging from 25 to 300 square feet. Constructed and completed in 2019, the brand-new, four-story property offers two elevators for consumer convenience and is secured by premium video surveillance, keypad access and optimal lighting. Additionally, the subject features a spacious office consisting of 1,584 square feet. The facility offers ground level access on the first and second floors, benefiting the site with premium rental rates for approximately 50 percent of the total units. The property is impeccably situated in the Atlanta MSA; a top 10 MSA and one of the nation’s fastest-growing regions.

Situated at 185 Woodstock Parkway, the site is located parallel to the on and off ramps to Interstate 575; residents and visitors alike must pass the site to access the core components of downtown Woodstock and its corresponding suburbs. The state-of-the-art building boasts visibility from Interstate 575, one of the MSA’s most-frequented thoroughfares with a traffic count exceeding 102,000 vehicles daily. The site is also near both Towne Lake Parkway and County Road 77, with traffic counts of over 44,000 and 13,000 vehicles daily, respectively. The property is adjacent to Ford and a new 300-unit Lennar’s Haddonstone Development and is within a mile of Pine Hill Residential, Town Lake Hills Residential, Woodstock Station, Woodstock Elementary, Woodstock Middle School and Woodstock High School. The site is also within two miles of Towne Lake Shopping Center, Palmer Apartments, Avonlea Apartments, The Heights Apartments at Towne Lake, Dunkin’ Donuts, Longhorn Steakhouse, Walgreens, Chick-Fil-A, Starbucks, McDonald’s, Panera Bread, Bank of America, Taco Bell, Kroger and several other national retailers. Furthermore, the site resides minutes from The Outlet Shoppes at Atlanta, which consists of nearly 100 national retailers and vendors. The five-mile surroundings boast a median household income of $77,592, while this population is projected to rise by over 8.6 percent from 2019 to 2024, exceeding national growth. The surrounding area continues to expand with the construction of new residential developments to match the population influx. The site will serve as the key storage destination for its suburban setting with a substantial advantage as the closest facility to these communities.

Woodstock Storage has all the desirable components of a self-storage investment, including its ideal surroundings for storage made up of strong demographics, affluent incomes, residential developments, highway appeal, high barrier-to-entry market and an overall key location that will allow the site to have a prominent market footprint. This is coupled with the benefits of offering two floors accessible at ground level for premium rental rates, capitalizing on the facility’s entire lease-up period and generating subsequent income through tenant insurance sales and merchandise, supported by a professional management team within this Class A self-storage asset.

Investment Highlights:

  • Newly-Constructed, Class-A Self-Storage Facility in One of the Fastest-Growing MSAs in the Nation
  • Represents the Best-of-the-Market with an Advantageous Location to Both the Surrounding Communities and Developments
  • Situated in a High Barrier-to-Entry Market
  • Excellent Proximity to Several National Retailers and Large-Scale Shopping Centers, Including The Outlet Shoppes at Atlanta
  • Exceptional Returns Through Lease-Up Activity, Premium Rental Rates from Two Stories of Ground Level Storage Units and Supplemental Income Generators, Including Tenant Insurance and Merchandise Sales
  • Adjacent with Visibility to Interstate 575, Which Sustains a Heavy Traffic Count Exceeding 102,000 Vehicles Per Day
  • Population of Over 162,000 Individuals Within a Five-Mile Radius
  • Projected Population Increase of 8.6 Percent from 2019 to 2024, Exceeding National Growth
  • Sign CA to Download OM & Financials

  • 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 Woodstock Storage, located in Woodstock, GA.

    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.