555 Patrol Rd Forsyth, GA 31029
- Self storage facilities
- 6.20 lot acres
Current Use by Public Records
- Self storage facilities
Property Details for 555 Patrol Rd
- Year built
- 1994
- Lot size
- 6.20 lot acres
- Property type
- Self storage facilities
Description
This exceptional self-storage facility in Forsyth, Georgia presents a compelling investment opportunity. The property, located at 555 Patrol Rd, boasts 158 non-climate-controlled mini storage units, with 52 units newly constructed in 2023. Adjacent climate-controlled units maintain approximately 98% occupancy. The 10,800 square foot facility sits on a 6.2-acre lot, including a 0.5-acre outparcel valued at $150,000. Built in 1994 and extensively renovated in 2023, the property features a fenced perimeter with electronic gate access. The property's strong performance is reflected in its pro-forma NOI of $329,305 and a 7.45% cap rate (8% excluding the outparcel). The property's convenient location just off I-75 near downtown Forsyth, coupled with existing rental rates that offer significant upside potential and the inclusion of several parcels for future expansion, makes this a highly attractive investment for both passive investors and owner-operators. A property manager is currently in place. The asking price is $4,420,000. This turnkey operation offers immediate cash flow and substantial growth opportunities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Forsyth
- County
- Monroe
- State
- Georgia
- Longitude
- -83.9232
- Latitude
- 33.0328
