Iron Storage Portfolio
Closed54 Gold St , Canton, NC 28716
Property type
Self Storage
Unit / Space count
168
Price
$1,914,250
Building size
20,850 sf
Rentable area
20,850 SF
Year built
Year renovated
Occupancy
Zoning code
Lot size
2.03 Acres
Sold/status
Sold · Date unknown
Sale price
$1914250
Property description
• Two-Property Self Storage Portfolio Totaling 20,850 NRSF and 168 Non-Climate Drive-Up Units Located in the Asheville MSA • The 54 Gold Street Location is Comprised of 93 Units Totaling 10,800 NRSF and the 674 Thompson Street Location is Comprised of 75 Units Totaling 10,050 NRSF • Opportunity to Increase Revenue Through Lease Up, Stabilization, and Steady Increases to In-Place Rents • Local Topography Creates Challenges for New Self Storage Development and a High Barrier to Entry for Competition • Attractive Market Saturation Rate of Only 8.2 SF/Capita Within Five Miles of the Property • Solid Demographics Featuring an Average Household Income of $67,280 and 21,487 Residents Within Five Miles of the Property • The City of Canton is Located Along Interstate 40 Just 15 Miles From Downtown Asheville, North Carolina • The Asheville MSA is the Seventh Largest in North Carolina and is Home to 413,463 Residents