Storage Xxtra Hwy 61

Location: Villa Rica, GA
Type: Self Storage
Price: $8,000,000

SMC has provided an $8,000,000 ten-year fixed rate mortgage for the refinance of Storage Xxtra Hwy 61, a single story self storage facility located in the Atlanta suburb of Villa Rica, Georgia. The Property was originally developed in 2006 and consists of 546 storage units, 33 office suites and 20 parking spaces available for rent. The Property underwent an 18,000 SF expansion in 2017 and quickly leased up to stabilization. Approximately 48% of the units are climate controlled and the Property is approximately 94% occupied over the twelve months ended November 2021.