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Success Stories
Success Story
Release No. STELPRD4019110
Printable Version  Printable Version
CLASSIC SELF STORAGE- MEETING THE DEMANDS OF A COMMUNITY
Jan 03, 2013 -- 

Outline Of Need: The demand for local self-storage services exceeds local supply but facilities were outdated and vacancies were growing for a small moving supply and storage business serving Dawson and Forsyth Counties in Northwest Georgia.

 

How Rural Development Helped:

In 2009, entrepreneur Mike Pascoe acquired an 80% Guaranteed $2,465,000 Business & Industry Loan from USDA Rural Development to purchase and revitalize Classic Self Storage consisting of 8.5 acres and 71,000 square feet of indoor storage space. The facility also has 100 outside storage spaces for boats, RV, trailers and motor homes. Business has been growing

ever since.

  

The Results:

Mike Pascoe, with his mother and business partner Billie, went to work straight away renovating the office spaces and updating the facilities.

Classic Self Storage now offers affordable, clean, reliable self-storage in a secure facility with 24/7 access. They are a 7 day a week U-Haul dealer offering video surveillance, gated entry, fully fenced grounds and well lit facilities. Occupancy has increased to 70% (up from previous owner’s 50% occupancy rate) with 100% of climate controlled units occupied.

 

For an impressive 5 times, Mike and his team have achieved U-Haul’s Award of Top 100 status for being one of the top 100 class AAA U-haul dealers. Mike is top in his region which includes the Atlanta metro area.

 

 

Last Modified:07/24/2014 
 
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