Storage Plus Self-Storage

Cushman & Wakefield’s Self-Storage Advisory Group is pleased to offer the opportunity to acquire Storage Plus (the “Property”), a two-property self-storage opportunity totaling 44,900 net rentable square feet (“sf”) in Adairsville, GA. This offering provides a rare opportunity to acquire a value-add facility with significant upside in a growing market outside of Atlanta, GA The properties, which are managed in house by current ownership, consist of 311 units ranging in size from 25 to 640 sq feet. Expansion potential for the two locations includes adding additional drive up units or utilizing the undeveloped area for boat and RV parking, further expanding the potential revenue for the facility. Currently, the asset is operated with one onsite manager and the Poplar Springs location is operated as an annex. Under current management, there has been no investment in marketing or advertising. This is an opportunity for an investor to increase physical occupancy and revenue as well as improve market presence and visibility. The Property is located within the Oothcalooga Valley. Adairsville was the first Georgia town to be listed in its entirety on the National Register of Historic Places. The 5 miles around these locations boasts a projected 2020 – 2025 population growth rate higher than the national average at 1.7%, with average household incomes of $66,000.