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30 Brown Farm Rd SW, Cartersville, GA, 30120

Westside Storage Place

$3,000,000

Key Information

Cap Rate
6.5%
Tot. SF
29,800
Lot Size
8 Acres
Units
292
Year Built
2019 / 2023 (r)
Type
Self Storage
Occupancy
78%
NOI
$194,611
NRSF
29,800 SF

Highlights

• Going-in immediate yield with vacancy upside and rental rate upside
• Management / vacancy upside due to this being owner-operated with only $450 per year in advertising being spent
• Average Household Income of $104,095 within 1 mile, $112,965 within 3 miles, and $102,736 within 5 miles
• Ability to Increase Tenant Insurance Revenue by $10,000 in Year 1 of Ownership
• Projected Annual Population Growth of 1.4% to 1.5% Through 2030 Across the Trade Area
• Rental Rate upside still remaining, with attractive returns at stabilization
• Hines and Aubrey Corporation Announced a 2,390-Acre, $2B+ Mixed-Use Development at I-75/Hwy 411 with 10M SF of Industrial Space and 2,800 New Residences, Breaking Ground in 2025/2026
• Hyundai-SK’s $4.5B EV Battery Plant (3,500+ Jobs) and Qcells’ $2.5B Solar Facility (2,500 Jobs) Are Delivering ~6,000 New Direct Jobs to Bartow County which begun in 2025
• Originally built in 2019 then expanded in 2023
• Crawford Creek Communities Is Actively Building New Homes on Brown Farm Rd
• Strong historical population growth in the 1, 3, and 5-mile, as well as future projected growth in the coming years
• Very minimal property tax increase projected based on expected sale price

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