Gray Line Storage Forsyth
Closed51 W Adams St, Forsyth, GA 31029
Property type
Self Storage
Unit / Space count
161
Price
$1,450,000
Building size
14,236 sf
Rentable area
14,236 SF
Year built
1994
Year renovated
Occupancy
Zoning code
Lot size
0.53 Acres
Sold/status
Sold · Date unknown
Sale price
$1450000
Property description
• Cash-Flowing Self Storage Facility Comprised of 104 Climate-Control Units Totaling 14,236 Net Rentable Square Feet • Facility is Set Up for Remote Management With Exterior Security, Keypad Entry, and Management Software In Place • Extremely Limited Competition for Climate-Control Storage in the Immediate Trade Area Bodes Well for Future Rent Growth • Opportunity to Increase Revenue Through Completion of Lease Up & Stabilization and Maximizing Fee Revenue • Rapid Population Growth of 2.6% Annually Since 2020 and is Projected to Continue Over the Next Five Years • Forsyth, Georgia, is the County Seat of Monroe County Which is Home to 30,625 Residents • The Macon-Bibb County MSA is the Fifth Largest in the State of Georgia and is Home to 236,074 Residents