Crazy Ray's Self Storage

Crazy Ray’s Self Storage is a well-located self-storage facility in Athens, Georgia, offering 53,334 rentable square feet across 482 units on 12.67 acres along U.S. Highway 29, a major commercial corridor with approximately 21,300 vehicles per day. The property features a diverse mix of climate-controlled units, drive-up non-climate units, outdoor parking, and portable storage, along with multiple ancillary revenue streams including U-Haul truck rentals, tenant insurance, retail sales, and a cell tower lease. The facility is currently operating at approximately 83% physical occupancy by units, providing stable in-place cash flow.

The property presents a compelling value-add opportunity, with in-place rents currently below market across several unit types, allowing a new owner to increase revenue through strategic rent adjustments and operational improvements. Athens benefits from strong economic drivers including the University of Georgia, major healthcare employers, and continued residential growth, supporting long-term storage demand. Additionally, no new storage developments are planned within a 10-mile radius, helping maintain favorable supply dynamics in the market.