Cohen Investment Group has purchased two Airport Mini Storage self storage facilities, totaling 472 units in Garden City, a suburb of Savannah, Ga. The buyer plans to rebrand the properties as Storage Depot of Savannah.
Situated at 1333 Lynah Ave. and 520 Bourne Ave., the properties are approximately 5 miles from each other in the industrial complex of Savannah, near Savannah/Hilton Head International Airport. In addition, both assets have access to freeways 21 and 80 and Interstate 516, and are close to downtown Savannah, which is around six miles away. The facilities comprise climate-controlled units ranging from 50 to 300 square feet and feature drive-up access, gate, security cameras and parking spaces, Yardi Matrix data shows.
“Cohen Investment Group is very pleased to be adding these two ‘value-add’ self storage assets to our expanding self-storage portfolio. We believe Savannah is becoming the next emerging coastal city based on its desirable climate, aviation and nearby automotive manufacturing, along with a strong Port of Georgia,” said Hugh Cohen, president of Cohen Investment Group, in prepared remarks.