Blue Ridge, GA Storage Portfolio

• 120,313 net rentable square feet across two facilities located within five miles of one another
• Recently expanded, presenting lease-up upside in taking occupancy from 50% to 90%
• Significant value-add opportunity through the implementation of professional management, as both properties are currently owner-operated
• Minimal climate-controlled supply / competition in the immediate trade area
• Current ownership only spends $1,000 per year in advertising, creating opportunity to implement a marketing gameplan to lease vacant units
• Fannin County issued 390 new residential building permits in 2024, supporting continued population growth
• Blue Ridge is a popular vacation destination with hundreds of second homes, mostly owned by wealthier individuals from Atlanta and North Carolina / South Carolina
• Very attractive basis for this product at only $75 per rentable foot at List Price, especially with nearly half of the portfolio being climate controlled
• Favorable property tax rates in Fannin County. Projecting very minimal increases to taxes following the sale
• Expansion opportunity included as well with a little bit of vacant land still remaining
• New Publix under development nearby these locations