The self-storage sites will be rebranded as Storage Depot of Savannah
July 31, 2018: Based in Norfolk, Va., 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 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.
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.