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Rhino Mini Storage – Athens, GA MSA
Deal Highlights
- Opportunity Guarantees Twelve Self-Storage Facilities in the Athens Metro Area Witnessing Substantial Growth
- Ability to Lease-Up a Newly Constructed Portfolio in Athens, GA
- Opportunity to Increase Rental Rates by 22 Percent to Reach Market Levels by Year Four
- Portfolio Situated Near the University of Georgia which Boosts Customer Base by 40,000
- Affluent Income Demographics at Each Location Will Further Justify Raising Rates Upon Stabilization
- All Properties are Within 43 Miles of One Another. Five Out of Seven Properties are Located in a Seven-Mile Radius. This Allows Efficient Management Across the Entire Portfolio
- Acquisition Guarantees a Significant Market Footprint with 820,042 NRSF Across the Athens, GA Metropolitan Statistical Area
- Athens has Experienced a Tremendous Increase in Population and Future Projected Population Growth is Well Above Average
