Firehouse Self Storage
For sale5880 Old Bascomb Rd
$1,550,00079 units13,609 SF
Self Storage$19,620/unit$114/SF1985
Property type
Self Storage
Unit / Space count
79
Price
$1,550,000
Rentable area
13,609 SF
Year built
1985
Occupancy
82%
Lot size
0.96 Acres
Number of buildings
7
Total Parking Spaces
11
CAP
7.14%
Office
1
Price per SF
$113.90
Property description
Broker of Record Bryan Belk Georgia BOR License No. 329335 Firm License No. 77084 813-839-7300 [email protected] Franklin Street Commercial Real Estate Services LLC
Property highlights
- Cash-Flowing Self Storage Facility Comprised of 79 Non-Climate Units Totaling 13,228 Net Rentable Square Feet, 11 Outdoor Parking Rentals, and One Newly Leased 381 SF Office Space.
- Extensive Cap/Ex Improvements Completed Since 2022 Including New Concrete in the Drive Aisles, New Camera System With Alarm, New LED Lighting, Silicone Roof Coating, New Gate System, and 71 Roll Up Door Replacements (71% of total doors).
- Facility is an Excellent Candidate for Continued Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place.
- Low Market Saturation Rate of 6.6 SF/Capita for Self Storage Within Three Miles of the Property.
- 69,065 Residents Within Three Miles of the Property, Representing a Population Density More Than 25x the National Average.
- Population Within Three Miles of the Property is Growing at 1.8% Annually, Which is Nearly 4x the National Average.
- Average Household Income of $116,161 Within Three Miles of the Property, 8.5% Higher than the State Average of $106,944.
- Acworth is Located Approximately 25 Miles Northwest of Downtown Atlanta and is Home to 22,976 Residents.
- The Atlanta-Sandy Springs-Roswell MSA is the Sixth Largest in the Country and is Home to 6,482,182 Residents.