4299 Interstate Dr Macon, GA 31210
- Warehouses
- 2,500 SF
- 2.83 lot acres
Current Use by Public Records
- APS / Medical Equipment Supplier
Property Details for 4299 Interstate Dr
- Year built
- 2004
- Lot size
- 2.83 lot acres
- Property size
- 2,500 SF
- Zone code
- PDI
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- K008-0246
- APU
- K0080246
Description
This stabilized Class B self-storage facility, located at 4299 Interstate Dr, Macon, GA 31210, presents a compelling investment opportunity. The property, built in 2004, comprises eight single-story buildings totaling 38,000 square feet, with 35,700 net rentable square feet. The 2.83-acre lot features 222 units: 179 drive-up, 42 interior, and one parking space. Currently operating at 76.68% occupancy (as of September 1, 2024), the property offers significant upside potential through rental rate increases and improved occupancy. The current NOI is $102,000, with a pro-forma NOI of $140,000. The asking price is $2,800,000, representing a 6.15% cap rate and a price per square foot of $73. The property is owner-managed and benefits from a gross lease structure. The 9-foot ceiling height and convenient Interstate Drive location (67 AADT traffic count) contribute to its appeal. The property is zoned commercial and features a Bibb County APN of K008-0246. In-place rental rates average $0.48 per square foot. The property's website is eagleselfstoragega.com/self-storage-macon-ga-f2364. This is a private, owner-operated asset.
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
- Macon
- County
- Bibb
- State
- Georgia
- Longitude
- -83.7306
- Latitude
- 32.8281
- CBSA code
- 31420
- CBSA name
- MACON, GA METROPOLITAN STATISTICAL AREA
