Property Listing No Longer Available for Sale

3485 Northside Drive, Macon, GA

Storage for Sale - $2,400,000 - 29,875 Sq. Ft. on 1.1 acres


Property Info

CIMLS#541460
Location
  3485 Northside Drive
  Macon GA 31210
UpdatedOctober 12th, 2012
TypeStorage
Price$2,400,000
Building29,875 Sq. Ft.
Land1.1 acres

Property Description

All American Self Storage in Macon is a high quality investment grade self storage facility with 204 climate control

storage units. Units range in size from 5x5 to 10x20 and are currently 90 percent physically occupied and 82 percent

economically occupied. Situated on approximately 1.1 acres this 29,875 rentable square foot facility fronts a four-lane highway, has a large electronic sign providing excellent visibility. The facility was built in 2000 with roll-up doors, and a standing seam roof.

The facility boast both an office and a kiosk to serve customers 24/7. Doors are secured with electronic keypads, cameras and lights. Unique at All American Storage is their carpeted hallways and storage units. Customers storing furniture and other valuables find carpet cleaner than concrete. In addition to the office door, the building has a large roll-up door. Each floor has a staging area just outside the elevator and carts are available for tenants use.

Priced at $2,400,000 an investor receives an unleveraged return of 8.3 percent with upside in increasing rental rates,

adding insurance and ancillary income.


Financials