Coro Realty, DG Real Estate Partners Sell Fairburn Self-Storage Facility
Tuesday, April 25th, 2023
Coro Realty and DG Partners have sold a state-of-the-art 800-unit self-storage facility in Fairburn, Ga. to Amsdell Companies.
The 2.65-acre site is less than a half-mile from Interstate 85 and approximately 10 miles south of Hartsfield‐Jackson Atlanta International Airport. It is on the heavily-traveled route between I-85 and Peachtree City, the largest city in Fayette County.
The joint-venture partners delivered Fairburn 85 Self Storage in 2021. It represents their second successful self-storage development and exit.
“Fairburn 85 Self Storage exemplifies Coro Realty’s value as a strategic partner,” said Robert Fransen, President of Coro Realty. “The team acquired a high-profile site in an underserved market, brought in a best-in-class general contractor and operator, and leased 70% of the units in under one year of opening, which is very fast for a self-storage development of this size. We congratulate Amsdell Companies on their acquisition as we look to our next opportunities.”
The 114,000-square-foot self-storage facility at 7935 Senoia Road is climate controlled with state-of-the-art security, elevator access and lighting. The partners developed two additional buildings for vehicles and similar storage on the site.
Luke Elliot with Cushman & Wakefield represented the seller.
Coro Realty will use the proceeds to expand its climate-controlled self-storage portfolio, including pending developments in Dunwoody, Flowery Branch and Woodstock, GA.