investment highlights
- UPSIDE POTENTIAL // Current asking rates as well as in place achieved rates are below the comp average creating an opportunity to capture additional revenue. In addition, there is land available for expansion inside the fence at all three locations.
- SCALE // This portfolio presents an excellent opportunity to enter the Augusta MSA with immediate scale or add on to an existing footprint.
- STABLE ECONOMY // The Augusta MSA is a well-diversified growing economy headlined by the famed Augusta National Golf Club as well as major presence in the medical, biotechnology and cybersecurity fields. In addition, there is a strong military presence headlined by Fort Eisenhower, a large military installation housing US Cyber Command and home to over 115K military and civilian personnel.
- WELL LOCATED // The properties are positioned on primary thoroughfares in retail-centric corridors and/or next to major demand drivers such as Fort Eisenhower. Average daily car counts exceed 14K vehicles with five percent population growth forecasted over the next five years.
- ATTRACTIVE LAYOUT AND DESIGN // All three facilities feature ground level access across the entirety of the stores with premium well-maintained metal construction and concrete drives throughout. The facilities are a desirable mix of traditional drive-up storage, climate-controlled space and outdoor surface parking.
