Development/Expansion Opportunity with Cash Flowing Storage Facility
123 Business Circle
Thomasville, GA 31792
Highlights
- Over 1.5 acres of expansion room
- Concrete drive aisles
- High occupancy - currently at 86%
- Revenue has almost doubled within the past 12 months
- 88% insurance penetration
Description
Introducing Storage Center Rose City, a premier commercial property featuring 13,146 rentable square feet of drive-up storage in 97 units, tailored for industrial and self-storage investors. This meticulously maintained property, established in 1997, offers a compelling investment opportunity in the Thomasville area. Zoned C-1 for Commercial General use, this property provides a versatile platform for diverse industrial and storage expansion endeavors. With its significant unused land and strategic location, Storage Center Rose City is an attractive prospect for investors seeking a solid foothold in the dynamic Thomasville market.
This facility was a turnaround project for the current owner. With strong revenue management practices, revenue has almost doubled within the last 12 months. The facility has achieved 88% insurance penetration and 86% unit occupancy. It offers over 1.5 acres +/—for expansion to accommodate a wide variety of commercial and/or light manufacturing purposes.
Storage Center Rose City is located in the northeast region within the city limits of Thomasville, where the retail/commercial district meets the residential district. It is situated on a cul-de-sac off Hwy 319/E Jackson St, less than one mile from GA-19 and the local Walmart Supercenter. E Jackson Street is one of the main corridors through the city, with a traffic count of almost 15,000 VPD.
