This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
553 Patrol Rd - Holiday Mini Storage Forsyth, Ga
28,000 SF Specialty Building Offered at $4,143,748 CAD at a 8.10% Cap Rate in Forsyth, GA 31029
Investment Highlights
- Great revenue upside with room for expansion
- Great for passive Investment , lów deferred maintenance , manager in place
- Excellent location to I-75 and Downtown Forsyth
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$517,565
|
$18.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$77,634
|
$2.77
|
| Effective Gross Income |
$439,931
|
$15.71
|
| Taxes |
$43,614
|
$1.56
|
| Operating Expenses |
$60,586
|
$2.16
|
| Total Expenses |
$104,200
|
$3.72
|
| Net Operating Income |
$335,731
|
$11.99
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $517,565 |
| Annual Per SF | $18.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $77,634 |
| Annual Per SF | $2.77 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $439,931 |
| Annual Per SF | $15.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $43,614 |
| Annual Per SF | $1.56 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,586 |
| Annual Per SF | $2.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $104,200 |
| Annual Per SF | $3.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,731 |
| Annual Per SF | $11.99 |
Property Facts
| Price | $4,143,748 CAD | Property Subtype | Self-Storage |
| Price Per SF | $148 CAD | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 6.10 AC |
| Cap Rate | 8.10% | Building Size | 28,000 SF |
| Sale Conditions | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1996 |
| Price | $4,143,748 CAD |
| Price Per SF | $148 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.10% |
| Sale Conditions | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 6.10 AC |
| Building Size | 28,000 SF |
| No. Stories | 1 |
| Year Built | 1996 |
About 553 Patrol Rd , Forsyth, GA 31029
New construction on 52 new units out of a total of 158 non-climate mini storage units, along with the adjacent climate control units that are currently around 98% occupancy. Great location just off I-75 near downtown Forsyth. Fenced with electronic gate access and several parcels available for future expansion. Attractive pricing at 8.01% cap rate which includes a .50 acre outparcel priced in at $150,000 which equates to an 8.43% cap rate for the storage units. Rental rates with room for increase as well as future expansion give this property plenty of upside, that coupled with a manager in place make this property perfect for the passive investor or a better return for the owner operator.
PROPERTY TAXES
| Parcel Number | 054-005A | Total Assessment | $120,474 CAD (2023) |
| Land Assessment | $120,474 CAD (2023) | Annual Taxes | $43,614 CAD ($1.56 CAD/SF) |
| Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
zoning
| Zoning Code | HB (Highway Business District City of Forsyth) |
| HB (Highway Business District City of Forsyth) |
Presented by
W. Scott Wilson Properties LLC
553 Patrol Rd - Holiday Mini Storage Forsyth, Ga
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.