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Gimme Shelter, Inc. 
1150 Highway 74 S
Peachtree City, GA 30269
County: Fayette
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(843) 342-7650 |
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Midcoast Properties, Inc.
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| Property Use Type: | Investment |
| Type: | Industrial
Self/Mini-Storage Facility |
| Building Size: | 37,050 SF |
| Lot Size: | 4.30 Acres |
| Occupancy: | 97.00% |
| Price: | $2,850,000 |
| Price/SF: | $76.92 |
| Cap Rate: | 7.70% |
| Year Built: | 2005 |
| Date Last Verified: | 10/30/2008 |
| Property ID: | 15636396 |
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Property Description:
Gimme Shelter, Inc. located in the vibrant and upscale community of Peachtree City, Georgia is comprised of three metal and brick self storage buildings with a large rental office which provides generous space for retail sales. Plans have been approved for an onsite expansion of 16,000 RSF and two additional acres are available for purchase. The daily traffic count exceeds 15,000 (2005) with 16,660 households within five miles expected to grow to almost 19,000 in the next 5 years. The facility enjoys high occupancy with a mix of climate controlled and standard units.
Location Description:
Gimme Shelter is located in Peachtree City, Fayette County, Georgia, approximately 25 miles South of Atlanta.
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| • | Expandable by 16,000 RSF Onsite | • | Additional 2 +/- Acres Available for Purchase |
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| • | Large Rental Office | • | Daily Traffic County Exceeds 15,000 (2005) |
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| • | 16,660 Households Within 5 Miles | | |
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| Year: | 2007 |
| Scheduled Gross Income: | $277,178 |
| Operating Expenses: | $56,759 |
| Net Operating Income: | $220,418 |
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| Debt & Equity Information |
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No Debt & Equity Information Provided
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3/28/2008
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| The information above has been
obtained from sources believed reliable. While we do not doubt its accuracy we
have not verified it and make no guarantee, warranty or representation about
it. It is your responsibility to independently confirm its accuracy and
completeness. Any projections, opinions, assumptions, or estimates used are for
example only and do not represent the current or future performance of the
property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial, and legal advisors. You and
your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for
your needs.
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