Mini Warehouses of Alamance
Closed1550 Industry Dr, Burlington, NC 27215
Property type
Self Storage
Unit / Space count
286
Price
$1,500,000
Building size
26,368 sf
Rentable area
26,368 SF
Year built
1987
Year renovated
Occupancy
Zoning code
Lot size
3.72 Acres
Sold/status
Sold · Date unknown
Sale price
$1500000
Property description
• Value-Add Self Storage Facility Comprised of 285 Non-Climate Units Totaling 25,768 NRSF, One 600 SF Office Space and 17 Outdoor Parking Spaces • Facility Sits on a 3.72-Acre Parcel with Ample Room for Future Expansion or Additional Parking Rentals • Opportunity to Increase Revenue Through Lease Up, Stabilization, and Increasing Below-Market Rents • Opportunity to Increase Revenue Through Maximizing Fee Income Streams and the Implementation of Tenant Insurance Sales • Dense Population of 99,173 Residents Within Five Miles of the Property Growing by 1.3% Annually • Solid Average Household Income of $68,123 Within Five Miles of the Property • Burlington, North Carolina, is Located Along Interstate 40 in Between Greensboro and Durham and is Home to 60,032 Residents • The Burlington MSA is the 11th Largest in the State of North Carolina and is Home to 179,165 Residents