Updated Aug 26, 2026
Tom Boyle Of Public Storage Acquires Self Storage Facility In Newnan For $10 Million
65 Diplomat Way
$10,000,000
$141/SF
Building Size
70,907 SF
Asset Type
Self Storage
Closing
Aug 26, 2026
About this deal
AI
A 70,907-square-foot Class A self-storage facility located at 65 Diplomat Way in Newnan, GA, was sold for $10 million in an all-cash transaction. The property spans 3 acres and features 613 climate-controlled units, built in 2022, and is situated near Interstate 85.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $10,000,000
- Square Footage: 70,907
- Address: 65 Diplomat Way
- Market: Newnan, GA
- Acres: 3.0
- Units: 613
- Price Per Square Foot: $141
- Price Per Unit: $16,313
- Buyer: Tom Boyle - Public Storage
- Seller: Chip Johnson - Turnstone Group
- Broker: Austin McLeod - Matthews
The transaction involved Tom Boyle representing Public Storage as the buyer and Chip Johnson representing Turnstone Group as the seller. Austin McLeod from Matthews facilitated the sale.
Players
Parkway Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93