Overview
This is an exclusive opportunity to acquire 1st Class Storage, a 76,010 NRSF facility with 653 units. 1st Class Storage offers a plethora of different unit sizes to fit a variety of different client needs.
Property Details
Highlights
Recently Constructed Class-A Facility: Delivered in 2023, the property consists of 76,010 NRSF across 653 units within a modern brick and metal structure.
Dual Ground-Level Access Design: The facility features two ground-level access points with driveway entry allowing units on both floors to operate similarly to first-floor units and support premium rental rates.
Lease-Up Opportunity: The facility is currently 45.5% physically occupied, providing investors with the opportunity to capture lease-up upside as the property stabilizes toward market occupancy levels.
Below-Market Rental Rates: Current asking rents remain approximately 37% below competing market rates on average.
Strategic Location within Atlanta MSA: Located within the Atlanta–Sandy Springs–Roswell MSA, the property benefits from proximity to Interstate 75, continued population and economic growth in the northern Atlanta suburbs, and a 1-mile median household income of $102,479.
Institutional-Quality Climate-Controlled Facility: The facility features climate-controlled units, elevator access, security cameras, and a fenced and gated perimeter.
Location
No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.