All Climate Control Storage
For sale220 S Eastern Blvd, Fayetteville, NC 28301
$4,600,000207 units40,938 SF
Self Storage$22,222/unit$112/SF1962/2021
Property type
Self Storage
Unit / Space count
207
Price
$4,600,000
Building size
40,938 sf
Rentable area
40,938 SF
Year built
1962
Year renovated
2021
Stories
2
Lot size
4.21 Acres
Number of buildings
4
Sold/status
On Market
Total Parking Spaces
40
Price per SF
$112.37
Property description
Broker of Record Darron Kattan North Carolina BOR License No. 274442 Firm License No. C36348 813-839-7300 FSIVS@FranklinSt.com Franklin Street Real Estate Services LLC
Property highlights
- Value-Add Self Storage Facility Comprised of 172 Climate-Control Units Totaling 33,988 NRSF, 35 Non-Climate Units Totaling 6,950 NRSF, and 40 Outdoor Parking Spaces
- Facility Opened in January of 2022 and is Already Achieving Strong Rates on Occupied Units With Plenty of Upside Left Through Lease Up
- Opportunity to Increase Revenue Through the Implementation of Existing Customer Rent Increases and Maximizing Supplemental Income Streams
- Seller Financing Available. Seller to Carry $500,000 at 0% Interest for 3 Years
- Expansion Room Within the Facility Can be Used for the Construction of Another Storage Building or Additional Outdoor Parking Rentals
- Facility is an Excellent Candidate for Remote or Semi-Remote Management With Cameras, Automatic Gate, Keypad Entry, and Management Software Already in Place
- Facility is Located ~10 Miles From Fort Bragg, Which is the Largest Military Base in the World by Population, Supporting over 140,000 People in Total, Including ~50,000 Soldiers, 12,000 Civilian Employees, 70,000 Family Members and Thousands of Contractors
- Fayetteville is Located in Southeastern North Carolina Approximately 50 Miles South of Raleigh and is Home to 209,120 Residents
- The Fayetteville MSA is the 8th Largest in the State of North Carolina and is Home to 395,412 Residents