Paces Properties Opens Self Storage Facility in Metro Atlanta

Absolute Storage provides property management services.

East Cherokee Storage in Woodstock, Ga.
East Cherokee Storage in Woodstock, Ga., also operates under Absolute Storage’s management. Image courtesy of Yardi Matrix

Paces Properties has opened Silo Self Storage, a 75,075-rentable-square-foot self storage property in Woodstock, Ga. Absolute Storage Management has been contracted by the ownership to provide property management services.

The developer took a $6.6 million construction loan in 2022 to build the property. Southern States Bank provided the financing, which has a maturity date set for 2027, according to Yardi Matrix data.

The four-story, Class A facility features 636 climate-controlled units, ranging between 25 and 200 square feet. Amenities include video surveillance, contactless renting, keyless unit access, boxes and supplies, dollies and handcarts, gated access and parking.

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Silo Self Storage is situated on 3.8 acres at 6225 Holly Springs Parkway. The property has access to Interstate 575 and is 34 miles north of downtown Atlanta. Silo Self Storage is one of eight available self storage facilities within a 3-mile radius, offering residents 9.7 rentable square feet per capita. Absolute Storage Management also manages the 128,269-square-foot East Cherokee Storage, located less than one mile from Silo Self Storage.

According to Yardi Matrix, suburban Atlanta has 2 million square feet of storage space under construction, with another 5.1 million square feet in the planning stages. U-Haul has recently unveiled plans for an 800-unit self storage facility in Buford, Ga., scheduled for completion in the spring of 2026.

As of May, Atlanta saw a month-over-month decrease in its supply pipeline, with the amount of new storage space under-construction as a percentage of existing stock shrinking 20 basis points to 4.1 percent, according to a recent Yardi Matrix report.

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