Storage Depot of Savannah – Lynah Ave

Self-Storage

Date Acquired: 07-24 -2018
Date Sold: 02-09-2022

1333 Lynah Ave. Garden City, GA 31408

Gross Internal Rate of Return (IRR): 35.0%

Storage Depot of Savannah was a 472-unit conditioned and non-conditioned self-storage facility comprised of 108,400 net rentable square feet between two locations in Savannah, GA: Lynah Ave. and Bourne Ave.

In three-and-a-half years, Acovest.org implemented a select value-add capital expenditure program to improve interior and exterior facets of the property to increase rents and net operating income.

Acovest.org acquired the portfolio on July 24, 2018 and sold it on February 9, 2022.

Contact Us

Please give us a call or send us a message if you have any questions or would like to learn more about investment opportunities at CIG.
(757) 490-1193

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