Augusta Lock Storage

• Very strong occupancy at 93% by units and 98% square footage
• Listed at $65.75 per rentable square foot, very attractive basis for a 54,139 rentable SF facility
• Going-in 6.50% cap rate with significantly below market rental rates
• Favorable traffic counts with over 16,900 vehicles per day
• Minimal property tax re-assessment projected following the sale
• Consistent year round demand for the self-storage units and warehouse suites
• Recent capital improvements completed at both properties
• Augusta is home to Fort Eisenhower, one of the largest military installations in the country with over 16,000 military personnel stationed at any given time