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, Cohen Investment Group implemented a select value-add capital expenditure program to improve interior and exterior facets of the property to increase rents and net operating income.
Cohen Investment Group acquired the portfolio on July 24, 2018 and sold it on February 9, 2022.
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.
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