Listing Summary
Lender-Owned Self-Storage Facility for Sale in Augusta, GA | $595,000
Premier value-add CRE opportunity in Augusta, GA. Features 122 units, 2 office suites, high traffic (25K+ VPD), $52/SF pricing, and clear upside potential.
Full Description
Commercial Real Estate Investment Listing: Economy Self-Storage
Executive Summary: High-Yield Commercial Real Estate Opportunity in Augusta, GA
Economy Self-Storage presents a premier, lender-owned (REO) value-add commercial real estate investment in the rapidly expanding market of Augusta, Georgia. Offered at an attractive $595,000 ($52.70 per square foot), this versatile property combines established operational cash flow with significant income-upside potential.
Strategically positioned along a high-density commercial corridor with a daily traffic count exceeding 25,486 vehicles per day (VPD), the facility offers unmatched visibility, ease of access, and strong brand exposure. Backed by robust regional market fundamentals and situated within a dense demographic radius of 31,916 residents within 3 miles, this asset represents a rare opportunity for self-storage operators, private equity groups, or owner-users to acquire property well below replacement cost and drive immediate NOI growth.
Key Investment Highlights & Value-Add Potential
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Lender-Owned (REO Sale): Exceptional acquisition pricing offering a low basis at just $52.70/SF, establishing immediate equity and strong risk-adjusted returns.
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Aggressive Lease-Up & NOI Upside: Opportunity to unlock dynamic value by raising physical and economic occupancy, modernizing digital marketing campaigns, and introducing optimized operational processes.
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Boat & RV Storage Expansion: Unfavorable local supply conditions present immediate upside by utilizing excess acreage for high-demand, income-generating Boat/RV parking.
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Diversified Four-Prong Income Stream: Mitigate vacancy risks through multiple revenue engines including drive-up storage, commercial office leases, moving/truck rentals, and utility station lease income.
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Opportunity Zone Advantage: Located in a designated Opportunity Zone, offering significant potential tax incentives and long-term tax deferral benefits for qualified buyers.
Diversified Revenue Streams
Unlike single-use facilities, Economy Self-Storage delivers a diversified revenue framework designed to ensure ongoing stability and risk mitigation:
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Drive-Up Self-Storage Units: 122 Non-Climate Controlled (NCC) storage units catering to high local residential and commercial demand.
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Commercial Office Suites: Two spacious office suites ($\pm 1,155\text{ SF}$ each; $\pm 2,310\text{ SF}$ total). One suite is currently leased, generating steady baseline revenue, while the second suite is move-in ready for a new tenant or owner-user.
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Ancillary Income via U-Haul Contract: Capitalize on truck rental operations generating up to 15% in secondary lease income and driving heavy organic foot traffic to the site.
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Utility Station Lease: Steady long-term ground lease agreement with Wow Way West Utility Station, providing passive, hassle-free cash flow.
Operations & Recent Management Momentum
Historically maintained at high occupancy, the asset has recently transitioned under new professional management. Initial operational optimizations are already yielding rapid lease-up trends, proving strong submarket absorption and organic demand. A new owner can seamlessly continue this momentum through rent optimization, implementing tenant insurance programs, and integrating modern facility management software.
Detailed Property Specifications & Zoning Insights
| Property Attribute |
Specification Details |
| Offering Price |
$595,000 |
| Price / SF |
$52.70 / SF |
| Property Type |
Specialty / Commercial Self-Storage |
| Building Class |
Class C |
| Sale Type / Condition |
Investment or Owner-User | REO (Lender Owned) |
| Total Building Size (GBA/NRA) |
$\pm 11,290\text{ SF}$ ($\pm 8,980\text{ SF}$ Storage | $$\pm 2,310\text{ SF$ Office) |
| Lot Size |
$\pm 2.40\text{ Acres}$ |
| Number of Buildings |
3 Single-Story Structures |
| Year Built |
1988 |
| Zoning Code |
B2 (General Business District) |
| Opportunity Zone |
Yes |
| Daily Traffic Count |
25,486 Vehicles Per Day (VPD) |
| 3-Mile Population |
31,916 Residents |
| Parking Ratio |
1.06 / 1,000 SF |
Strategic Location & Market Fundamentals
Situated on a major commercial thoroughfare in Augusta, GA, Economy Self-Storage leverages the region's steady job growth, commercial expansion, and influx of new residents. The flexible B2 Zoning (General Business District) allows for a wide array of commercial uses while the expansive 2.40-acre lot provides room for vehicle maneuverability, equipment staging, or future footprint optimization.
With an initial purchase price far below replacement costs and a robust 3-mile demographic base, this property is ideal for value-add CRE investors looking to execute a stabilization strategy and optimize rent rolls in a high-demand market.
Quick Glance
- Listing ID:
CL-Georgia-28223
- Status:
Active
- Year Build:
1988
- Building Size:
11,290 SqFt
- Lot Size:
2.40 Acr
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