Project Description
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of two Go Store It properties in NC and GA.
SOLD
NRSF – 140,064
Seize the opportunity to acquire an established self-storage property in two of the fastest growing Southeastern metros: Charlotte, NC and Atlanta, GA.
The Charlotte metro area has exploded to 2.66 million residents as of April 2020, up 18.6% from the last census. Bolstered by strong financial, energy and
motorsport sectors, residents enjoy a healthy job market and a median household income of $62,817.
The Charlotte property is a brand-new facility that has just been completed and opened Q1 2022. The modern structure is situated on a 7.2-acre lot and features 64,340 square feet of space with 592 climate-controlled units.
The densely populated Atlanta area is home to nearly 6 million residents. Similar to Charlotte, a well-educated workforce coupled with affordable costs of doing businesses continue to draw new opportunities to the busy metro. Most recently, Meta invested $1 billion in the area by adding three new buildings to its Atlanta data center campus.
The GA property is a 75,724 square-foot facility that opened Q1 2022. All told, the property will offer 707 climate-controlled units—making it a convenient storage solution for rapidly multiplying nearby multifamily housing developments.
All in all, this sale presents an opportunity to acquire two-brand new facilities in sought-after Southern metro areas where studies show self-storage demand will continue to grow due to continued population influx.
Investment Highlights:
- Two Class A Institutional quality self-storage facilities : one serves the Charlotte, NC metro area (current population is 2.66 million) and the other serves Atlanta, GA (5.8 million).
- Brand-new facilities featuring modern layouts and climate-controlled units.
- Ideal locations near busy shopping centers, multifamily housing and single family residence developments.