CubeSmart (Managed) Portfolio – Marietta & Tucker, Georgia (Atlanta MSA)

Property Location

2141 Powers Ferry Road
Marietta, GA 30067

2232 Mountain Industrial Blvd
Tucker, GA 30084

investment highlights – Marietta

  • Pride of Ownership // Class “A” institutional quality multi-story conversion built on grade with ground level loading and unloading on first and second floors.
  • Excellent Location // Prime visibility off of Interstate 285, Atlanta’s perimeter highway, with over 200K passing cars per day. Located one and one half miles from Atlanta Braves’ Truist Park and in close proximity to multiple housing developments under-construction.
  • Limited Competition // Property has no competition for over three and a half miles to the Northeast, East, and Southeast, which include target markets of Sandy Springs and North Buckhead that have very limited supply and limited zoning for storage. All competition is concentrated to the West of the property.
  • Strong Lease-Up Momentum // Facility has leased up at 2.89 percent a month since opening in December 2019. Since opening phase two in December 2020, facility has averaged 4.37 percent lease-up per month, posting 102 net rentals in June 2021 and 79 net rentals in July 2021.
  • Favorable Demos // Growing affluent trade area with over five percent population growth forecasted over the next five years and average household incomes pushing 100K.

investment highlights – TUCKER

  • Pride of Ownership // Class “A” institutional quality conversion asset with a desirable mix of 100 percent ground level units and rentable parking spaces that will pace market rates.
  • Excellent Location // Prime location on the hard corner of Hugh Howell Road and Mountain Industrial Boulevard with over 55,000 passing vehicles per day.
  • Upside Potential // Facility leased up at 3.14 percent per month since opening in January 2019. Opportunity to capitalize on a 98 percent physically occupied store, well positioned for substantial revenue growth by raising rates on the existing tenant base as well as new.
  • Market Growth // Publix Supermarket anchored development under construction directly across from facility on hard corner of Hugh Howell Road and Mountain Industrial Boulevard.
  • Expansion Opportunity // Facility has ceiling clearance for future owner to add a mezzanine level.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcumillichap.com
License: CA EA00147681

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Ian Lindahl

Investment Associate

Phone: 303.328.2062
Email: ian.lindahl@marcusmillichap.com
License: CO FA100091294

John Leonard

Broker of Record

Phone: 678.808.2700
Email: john.leonard@marcusmillichap.com
License: 252904

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Contact The LeClaire-Schlosser Group