Coro Realty, DG Real Estate Partners to Break Ground on Fairburn 85 Self Storage
Tuesday, December 8th, 2020
DG Real Estate Partners and Coro Realty have acquired 2.6 acres for a state-of-the-art, 800-unit self-storage development on Senoia Road in Fairburn, GA.
The site is located on GA-74 less than a half-mile south of Interstate-85 and approximately 10 miles south of the Hartsfield‐Jackson Atlanta International Airport. It is on the heavily traveled route between the interstate and Peachtree City, the largest city in Fayette County. Fairburn 85 Self-Storage is Coro Realty’s third self-storage development in Georgia.
“This is an excellent and unparalleled opportunity to acquire a fully entitled parcel in a high-barriers-to-entry market that is lacking this type of multi-story product,” said Adam Holland, Asset Manager, Coro Realty. “We are excited to join DG Real Estate Partners in this project, which we expect to offer an excellent return for our investors.”
The 114,000 square foot self-storage facility at 7935 Senoia Road will include a main three‐story building that is climate controlled and has state-of-the-art security, elevator access at loading zones and automated lighting. Two smaller buildings will be available for vehicle or similar storage.
With the tremendous growth in higher density residential and mixed‐use development in the immediate area, there is a shortage of storage to serve the expanding market. Coupled with significant zoning challenges, rising land prices in the region make future similar developments challenging.
Construction will begin in January, with a targeted completion in late 2021.
