The site consists of approx. 10.552 acres located along Georgia Highway 53 (a/k/a Thunder Road), a historic road that produces excitement in the hearts of automobile aficionados throughout the Southeast US.
The proposed development will offer enthusiasts a haven for their prized possessions, blending the utility of a traditional garage with the convenience of personal storage units. These customizable spaces cater to car collectors, hobbyists, off-road enthusiasts and entrepreneurs seeking secure storage and workspace, fostering a community united by a passion for automobiles and craftsmanship.
The development program is to build multiple buildings that will total of 74,400 GSF which will yield 62 individual 1,200 SF units. Full approval for the development has been granted by the City of Dawsonville. All units include drive-up garage door along with a personnel door to access the client’s unit.
The location of the site is ideal to capture the attention and imagination of on-road and off-road enthusiasts alike. Less than 4 miles to the West of the property is Atlanta Motorsports Park, a state-of-the-art facility that offers a private club opportunity to those who enjoy the finer aspects of high speed and controlled power. Approximately 6 miles to the North the off-roading motorsports lovers can find Iron Mountain Park, which offers experiences like no other place in the South for trail riding and challenging terrain.
An Overview of the Opportunity
Presented by Chance Warren.
Chance Warren has been responsible for the development of over 5 million square feet of storage and light-industrial space throughout the Southeast US. His experience ranges from the feasibility of the vacant site, construction, management and disposition of the projects. His understanding of the client’s needs has allowed him to be a part of some amazing projects that were extremely well received in the marketplace.
Examples of Luxury Garage Condos
Project FAQ’s
Can I store something other than a car in these units?
Why would someone want to buy instead of rent?
Will Arabella customize these for the Investor?
The goal of Arabella is to sell not lease these?
How did you come up with comps for this project?
Local Comps
Atlanta Motorsports Park – located 3 miles away
Selling Mixed Residential Garage Units – $340,000/unit – 768 SF/unit ($445/SF)
The Garages at Lake Oconee – Greensboro, GA
Currently on Phase 4, Selling RV Condos (with no standard design including bathroom) at $180,000-200,000/unit
Stables Motor Condos – Alpharetta, GA
Luxury Garages selling at $350,000/unit
Buford Personal Warehouse – Buford, GA
Sales of 1,500 SF units priced at $425,000/unit
National Comps
Luxury Garages of TX – Locations throughout Texas
650 SF Garage condos starting at $350,000/unit
Napa Vault – Napa, CA
Units start at 960 SF offered at $380,000/unit
Monte Carlo – Charlotte, NC
Offering 1,500 SF units at $325,000/unit
Why is the IRR on this project the same as on traditional projects?
What is the current status of this project?
Can I see an aerial view of the property?
Questions? Next Steps
I have a few questions about the project, how can I get those answered?
I am interested in investing directly into this project. What are next steps?
Please consider the following prior to investing:
- Review the Luxury Garage Condominiums presentation, in full.
- Review the PPM Docs for this project and ensure you understand the risk associated with investing.
- Minimum Investment – $50,000
- Open to Accredited + Sophisticated Investors
Once reviewed, if you have questions and/or are ready to invest please Email Us or Schedule a Call.
I am interested in getting exposure to this project through the Arabella Real Estate Fund. What are next steps?
Please consider the following prior to investing:
- Review the Arabella Real Estate Fund presentation.
- Review the projects that are included in the fund.
- Review the PPM Docs and ensure you understand the risk associated with investing.
- Minimum Investment – $50,000
- Open to Accredited Investors
Once reviewed, if you have questions and/or are ready to invest please Email Us or Schedule a Call.