All Climate Control Storage
For sale220 S Eastern Blvd, Fayetteville, NC 28301
Unit / Space count
207
Price
$3,800,000
Stories
2
Lot size
4.21 acres
Number of buildings
4
Total Parking Spaces
40
Property description
All Climate Control Storage is a value-add, mostly climate-controlled self-storage facility in Fayetteville, North Carolina, offered at $3,800,000. The property opened in 2022 on just over four acres, with four buildings that include ground-floor and upper-floor climate-controlled units, a smaller group of non-climate units, and outdoor parking rentals. Cameras, perimeter fencing, gated keypad entry, an on-site leasing office, and StorEdge management software are already in place, making it a strong candidate for remote or semi-remote management. The seller is offering financing, carrying $500,000 at 0% interest for three years. The upside is in lease-up. The facility is still well below stabilized occupancy, particularly in the upper-floor climate units and outdoor parking, yet it is already achieving strong rates on the units it has leased. Filling vacancy, rolling out existing customer rent increases, and building supplemental income through fees, insurance, and merchandise gives a new owner a clear path to a significant NOI increase. There is also room on the site to add another storage building or more outdoor parking. The location adds a unique demand driver. The property is about ten miles from Fort Bragg, the largest military base in the world by population, which supplies a steady flow of soldiers, families, and contractors who regularly need storage. The site also sits in an Opportunity Zone, and Fayetteville is about 50 miles south of Raleigh.
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
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