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Martin Luther King Jr Dr - Martin Luther King Jr Drive
27,550 SF Speciality Building Offered at £1,499,100 at a 7.20% Net Initial Yield in Eatonton, GA 31024
Investment Highlights
- 140 Self Storage Units
- 14 Pole Barn Spaces for boat storage
- Average occupancy rate ranges between 80% and 90%
- 8 RV Covered Spaces
- Great visibility
Executive Summary
Property Facts
| Price | £1,499,100 | Property Subtype | Self-Storage |
| Price Per SF | £54 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 4.48 AC |
| Net Initial Yield | 7.20% | Building Size | 27,550 SF |
| Sale Conditions | Business Value Included | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2005 |
| Price | £1,499,100 |
| Price Per SF | £54 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 7.20% |
| Sale Conditions | Business Value Included |
| Property Type | Speciality |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 4.48 AC |
| Building Size | 27,550 SF |
| Number of Floors | 1 |
| Year Built | 2005 |
About Martin Luther King Jr Dr , Eatonton, GA 31024
The property features 140 self-storage units, 8 covered RV storage spaces, and 14 pole barn spaces for boat storage. All situated on approximately 6.5 fenced acres including 2± acres ideal for expansion. The self-storage facility includes a rental office with a restroom. Owners use Easy Storage Solutions software. Over 50% of tenants are on auto-pay, and the average occupancy rate ranges between 80% and 90%. Located at the corner of Martin Luther King Jr. Drive and Pea Ridge Road SE. Complex located in a high growth area and has great visibility. Conveniently located 3± miles to Lake Sinclair (Crooked Creek Marina), 4± miles to Highway 441, 11± miles to Lake Oconee area, and 15± miles to Milledgeville, GA. Surrounding neighbors include TCH Watersports, Dollar General, H20 Adventures, and Allison’s Custom Cabinets.
PROPERTY TAXES
| Parcel Number | 081-004 | Improvements Assessment | £331,468 |
| Land Assessment | £39,450 | Total Assessment | £370,918 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 (Self Storage) |
| C-2 (Self Storage) |
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Patty Burns -
Trip Wilhoit -
Fickling & Company
Presented by
Martin Luther King Jr Dr - Martin Luther King Jr Drive
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