Properties

A fully climate-controlled facility comprising 551 units, ranging in size from 25 to 350 square feet. Located directly off Northlake Parkway, the asset is highly visible from I-285, which sees traffic counts of up to 190,000 vehicles per day (VPD). The site's layout can easily accommodate larger U-Hauls.

The asset is in an affluent submarket with average household incomes over $110,883 within a three-mile radius. The submarket has a self-storage supply of just 7.2 SF per capita within a three-mile radius, indicating a strong position for continued lease-up without significant competitive pressure.

Residential development at Northlake Mall. A proposal is in process for a multi-phase residential redevelopment of a portion of Northlake Mall. Trammell Crow Residential recently received zoning approval for 495 apartments in two to three 5-story buildings. The former Sears building has been redeveloped into an Emory Healthcare facility occupying roughly 240,000 square feet of office space. This facility supports up to 1,600 employees and bolsters the daytime population.