Cohen Investment Group, a privately owned commercial real estate investment firm, has purchased two Airport Mini Storage facilities in Garden City, Ga., a suburb of Savannah. The self-storage sites will be rebranded as Storage Depot of Savannah, according to the source.
The properties at 520 Bourne Ave. and 1333 Lynah Ave. are about five miles from one another, near the Savannah/Hilton Head International Airport. Together they contain 472 climate-controlled and drive-up units.
“Cohen Investment Group is very pleased to be adding these two ‘value-add’ self-storage assets to our expanding self-storage portfolio. We believe Savannah is becoming the next emerging coastal city based on its desirable climate, aviation and nearby automotive manufacturing, along with a strong Port of Georgia,” said company president Hugh Cohen.
Based in Norfolk, Va., Cohen Investment acquired its first self-storage property last year in Ocala, Fla. Built in 2005, Storage Depot at 9085 S.W. State Road 200 offers 458 units and 31 vehicle-parking spaces. The company’s portfolio also includes multi-family and student housing, office, and retail.
Source:
Commercial Property Executive, Cohen Investment Expands Georgia Footprint
