CubeSmart Self Storage (Managed) | Augusta, GA

The Colliers Self Storage Group is pleased to exclusively offer to qualified investors the opportunity to purchase CubeSmart Storage – Augusta (managed) located at 1282 Interstate Parkway in Augusta, Georgia.  This institutional quality development delivered in September of 2021 and has rapidly surpassed a physical occupancy of 47%.  CubeSmart Storage – Augusta (managed) is located adjacent to Doctor’s Hospital of Augusta on the south side of I-20.   This facility is located within a primary retail corridor and services the communities of Martinez, Augusta, Forest Hills and the Fort Gordon Army Base.

CubeSmart Storage - Augusta is situated on approximately 1.26 acres and consists of a four-story brick and EIFS structure with two floors having grade level access.  This facility offers tenants a total of 55,039 rentable square feet and 499 units.  In addition, there is space for approximately 15 surface parking spaces.   This CubeSmart managed facility offers its tenants superior amenities, including a full-service on-site management office, 16 24-hour video surveillance cameras, access control system, two freight elevators, multiple loading areas on two different floors, led lighting throughout, and abundant landscaping.

Augusta is Georgia’s 3rd largest city and is located along the Georgia / South Carolina border.  Augusta is a regional center for medicine, biotechnology and cyber security.  Fort Gordon is home to the US Army Cyber Command, making it a critical installation in the nation’s security.  The area’s demographics reflect a thriving city with well-educated residents working high-wage jobs.  The 5-mile population is 145,478 individuals, which has grown by 8.4% since 2010 and is forecast to grow by another 1.4% over the next 5 years. The 5-mile radius has an average household income of $99,244, and almost 50% of the individuals have a college degree.  Using the square footage numbers from Radius and ESRI population numbers, the saturation within five miles of the subject facility is calculated at 14.61 sf per capita, with 73% of the total square footage within 5 miles being over 15 years old.  The average age of all competitors within 5-miles is 24 years old, illustrating that a majority of the existing square footage within the trade area has had decades to stabilize.

CubeSmart Storage - Augusta will continue to benefit from the institutional quality construction and the prime location in the 3rd largest city in Georgia.  The rapid lease-up of this asset during the first 10 months of operation is proof this asset if filling a void of Class-A storage in Augusta.   CubeSmart – Augusta (managed) will continue to rapidly stabilize and is well-positioned for strong economic performance for years to come.