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1629 Danielsville Road & 187 Wilkerson Street, Athens, GA, 30601

Athens Lock Storage Portfolio
$3,525,000

Key Information

Cap Rate
6.04%
$ per SF
$89
Tot. SF
39,350
Lot Size
7.19 Acres
Units
400
Year Built
1988 / 2008 (R)
Type
Self Storage
Occupancy
87%
NOI
$213,057

Highlights

• 87% unit occupancy and 90% square foot occupancy, with economic occupancy at 93%
• In-place rents remain below nearby competitors
• Expansion land included at the Danielsville Road location
• Zero new self-storage developments planned or under construction in the immediate trade area (according to TractIQ)
• Anchored by the University of Georgia with total enrollment of 43,888 students – one of the largest public universities in the Southeast
• Substantial residential development underway throughout all of Athens

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 451849, 80041 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305