Commercial Real Estate Investment Listing: Economy Self-Storage

Executive Summary: High-Yield Commercial Real Estate Opportunity in Augusta, GA

Economy Self-Storage presents a premier, lender-owned (REO) value-add commercial real estate investment in the rapidly expanding market of Augusta, Georgia. Offered at an attractive $595,000 ($52.70 per square foot), this versatile property combines established operational cash flow with significant income-upside potential.

Strategically positioned along a high-density commercial corridor with a daily traffic count exceeding 25,486 vehicles per day (VPD), the facility offers unmatched visibility, ease of access, and strong brand exposure. Backed by robust regional market fundamentals and situated within a dense demographic radius of 31,916 residents within 3 miles, this asset represents a rare opportunity for self-storage operators, private equity groups, or owner-users to acquire property well below replacement cost and drive immediate NOI growth.

Key Investment Highlights & Value-Add Potential

• Lender-Owned (REO Sale): Exceptional acquisition pricing offering a low basis at just $52.70/SF, establishing immediate equity and strong risk-adjusted returns.

• Aggressive Lease-Up & NOI Upside: Opportunity to unlock dynamic value by raising physical and economic occupancy, modernizing digital marketing campaigns, and introducing optimized operational processes.

• Boat & RV Storage Expansion: Unfavorable local supply conditions present immediate upside by utilizing excess acreage for high-demand, income-generating Boat/RV parking.

• Diversified Four-Prong Income Stream: Mitigate vacancy risks through multiple revenue engines including drive-up storage, commercial office leases, moving/truck rentals, and utility station lease income.

• Opportunity Zone Advantage: Located in a designated Opportunity Zone, offering significant potential tax incentives and long-term tax deferral benefits for qualified buyers.

Diversified Revenue Streams

Unlike single-use facilities, Economy Self-Storage delivers a diversified revenue framework designed to ensure ongoing stability and risk mitigation:

1. Drive-Up Self-Storage Units: 122 Non-Climate Controlled (NCC) storage units catering to high local residential and commercial demand.

2. Commercial Office Suites: Two spacious office suites ($\pm 1,155\text{ SF}$ each; $\pm 2,310\text{ SF}$ total). One suite is currently leased, generating steady baseline revenue, while the second suite is move-in ready for a new tenant or owner-user.

3. Ancillary Income via U-Haul Contract: Capitalize on truck rental operations generating up to 15% in secondary lease income and driving heavy organic foot traffic to the site.

4. Utility Station Lease: Steady long-term ground lease agreement with Wow Way West Utility Station, providing passive, hassle-free cash flow.

Operations & Recent Management Momentum

Historically maintained at high occupancy, the asset has recently transitioned under new professional management. Initial operational optimizations are already yielding rapid lease-up trends, proving strong submarket absorption and organic demand. A new owner can seamlessly continue this momentum through rent optimization, implementing tenant insurance programs, and integrating modern facility management software.

Detailed Property Specifications & Zoning Insights

Strategic Location & Market Fundamentals

Situated on a major commercial thoroughfare in Augusta, GA, Economy Self-Storage leverages the region's steady job growth, commercial expansion, and influx of new residents. The flexible B2 Zoning (General Business District) allows for a wide array of commercial uses while the expansive 2.40-acre lot provides room for vehicle maneuverability, equipment staging, or future footprint optimization.

With an initial purchase price far below replacement costs and a robust 3-mile demographic base, this property is ideal for value-add CRE investors looking to execute a stabilization strategy and optimize rent rolls in a high-demand market.