Hayes Water Storage
Closed5470 Hayes Water Rd, Morganton, NC 28655
Property type
Self Storage
Unit / Space count
1
Price
N/A
Building size
24,350 sf
Rentable area
24,350 SF
Year built
Year renovated
Occupancy
Zoning code
Sold/status
Sold · Date unknown
Property description
Value-Add self storage facility located along Hayes Water Road which sees 5,898 vehicles per day Site includes enough expansion land to construct an additional storage building Recently implemented rent increases created significant upside and allow next buyer to capture revenue growth Immediate trade area is under supplied for self storage with only 2.0 SF/Capita in the 3-mile radius and 4.4 SF/Capita in the 5-mile radius Opportunity to increase revenue through the implementation of tenant insurance and merchandise sales Secure facility that features perimeter fencing, sufficient lighting, and security cameras Facility features an automated gate and keypad access, making it an ideal candidate for remote management Presence of institutional competitors in the market bodes well for future rent increases Facility is currently 96.4% physically occupied Morganton is located along Interstate 40 approximately 45 miles East of Asheville, NC