Storage Xxtra Highway 92

Location: Hiram, GA
Type: Self Storage
Price: $7,000,000

Storage Xxtra Highway 92 is 94,350 SF self-storage facility located Hiram, Georgia. The Property was originally developed in 2006 and consists of 508 storage units, 39 office suites and 18 parking spaces available for rent. Approximately 40% of the units are climate controlled and the Property has maintained stable occupancy, averaging approximately 89% since 2016. The Property is located 25 miles northwest of the Atlanta CBD along Georgia Highway 92, in Paulding County. In July 2019, Greystone Power, a regional power provider, broke ground on a new 264,000 SF headquarters directly across the highway from the Property. SMC’s Loan will be used to pay off the Borrower’s existing loan and fund a construction reserve for a new Phase II development, totaling approximately 77,350 SF of additional storage.