2470 Dug Gap Rd Dalton, GA 30720
Self-storage facility in Dalton, Georgia, undergoing economic transformation.
Building Details
- Year built
- 1991
Source:
Bullrealty
Listing Agent: John Deyonker
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Dalton Georgia Self-Storage Investment
Located in Dalton, Georgia, this self-storage facility is situated in a region undergoing a significant economic transformation. Dalton, traditionally known as the "Carpet Capital of the World," is diversifying into clean energy and targeting growth in the electric vehicle, data center, and food processing sectors. The local economy is anchored by Shaw Industries, Mohawk Industries, and Engineered Floors, which collectively employ over 14,000 people. The area is also home to Qcells, the Western Hemisphere’s largest solar manufacturing facility, representing a $2.5 billion investment. The property has a gross revenue of $1,582,777 and an occupancy rate of 77.5%. The forecast NOI is $395,694, normalizing expenses to 75% of Gross Revenue. The property qualifies for an SBA 504 Loan with a 25-year term, 85% LTC, and 5.856% interest. Using Vacancy 22.5% Year 1, 15% Years 2-10, revenue growth 5% per year, IRR: 73.54%, Cash on Cash: 32.25%, Acquisition CAP Rate: 12.2%, Debt Service Coverage Ratio: 1.88. Projected Sales Year 5: $5.54 million, Sales proceeds after expenses: $3.39 million.
Location Intelligence
Current Use by Public Records
Oaks at Dalton
Nursing Home
Location Insight
- Map
- Local Demand
- City
- Dalton
- County
- Whitfield
- State
- Georgia
- Longitude
- -85.0032439
- Latitude
- 34.7185593
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FAQs
What type of property is this?
Self storage facility - Self-storage facility in Dalton, Georgia, undergoing economic transformation.
Where is this self storage facility located?
The property is located at 2470 Dug Gap Rd Dalton, GA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: - High IRR of 73.54% and Cash on Cash return of 32.25% indicate strong investment potential.; - Acquisition CAP Rate of 12.2% provides an attractive return on investment.; - Property qualifies for an SBA 504 Loan with favorable terms: 25-year term, 85% Loan-to-Cost, and 5.856% interest.
