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2991 Cole Ct, Norcross, GA, 30071

Peachtree Corners Self Storage

$2,850,000

Key Information

Cap Rate
6.1%
Tot. SF
44,656
Lot Size
2.2 Acres
Units
218
Year Built
1987
Type
Self Storage
Occupancy
76%
NOI
$173,352

Highlights

• Below replacement cost offering at $63.82 per rentable foot
• Currently no online advertising being done, presenting opportunity to increase marketing spend and lease vacant units
• The 3-mile trade area is projected to grow from 80,140 to 84,528 residents, along with 2,824 new housing starts projected within 5-miles
• Average household incomes above $105,000 in a 1-mile radius and over $91,000 in a 3-mile radius
• Extremely minimal tenant insurance income being collected – approximately $13k in NOI available
• Surrounded by national retailers and neighborhoods, with significant commercial and residential development underway nearby

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