Mike Patterson, CCIM of Commercial Realty Services of West Georgia represented the seller of Rock Solid Self Storage, Inc. located at 137 Amberhill Drive in Dallas, Georgia. This property is located in the NW quadrant of the Atlanta MSA which is a very hot area for development. The property was listed at $2,500,000 which translated to 7% CAP on existing income. The facility offers 22,000 RSF of traditional and climate controlled storage and 140 secure parking spaces that were fully leased. The buyer, Carpenter Storage, plans to expand the facility and hold long term.
Mike Patterson, CCIM is the Argus Self Storage Sales Network broker affiliate representing the state of Georgia. He can be reached at 770-301-1886. Based in Denver, Colorado, the Argus Self Storage Sales Network (ASSSN) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self storage brokerage network in the United States, the ASSSN has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property. For more information call 1-800-55-STORE or visit Argus-SelfStorage.com.