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1239 Kenric Rd - 95 Storage and RV 11,200 SF Specialty Building Offered at $1,015,000 at a 6.36% Cap Rate in Lumberton, NC 28360
INVESTMENT HIGHLIGHTS
- Strong lease-up performance with 91% physical occupancy
- Only one competing facility within a five-mile radius
- Located in the Fayetteville-Lumberton-Pinehurst CSA with 693K residents
- 5.03-acre site allows for future expansion opportunities
- Gated access, perimeter fencing, and surveillance in place
EXECUTIVE SUMMARY
- This cash-flowing self-storage facility in Lumberton, North Carolina features 95 non-climate-controlled units totaling 11,200 net rentable square feet, along with 23 outdoor parking rentals.
- Since early 2025, the property has demonstrated strong occupancy trends and a successful lease-up, underscoring its operational momentum.
- Situated on a spacious 5.03-acre parcel, the site offers ample room for future expansion, presenting a clear path for value-add potential.
- Revenue growth opportunities include stabilizing economic occupancy, implementing existing customer rent increases, and enhancing ancillary income through fee optimization and tenant insurance sales.
- The facility benefits from limited competition in the immediate trade area, with only one other storage provider within a five-mile radius.
- Located approximately 30 miles south of Fayetteville, Lumberton anchors the Fayetteville-Lumberton-Pinehurst Combined Statistical Area—the fourth largest in North Carolina and home to nearly 700,000 residents—making this asset well-positioned within a growing regional market.
- Since early 2025, the property has demonstrated strong occupancy trends and a successful lease-up, underscoring its operational momentum.
- Situated on a spacious 5.03-acre parcel, the site offers ample room for future expansion, presenting a clear path for value-add potential.
- Revenue growth opportunities include stabilizing economic occupancy, implementing existing customer rent increases, and enhancing ancillary income through fee optimization and tenant insurance sales.
- The facility benefits from limited competition in the immediate trade area, with only one other storage provider within a five-mile radius.
- Located approximately 30 miles south of Fayetteville, Lumberton anchors the Fayetteville-Lumberton-Pinehurst Combined Statistical Area—the fourth largest in North Carolina and home to nearly 700,000 residents—making this asset well-positioned within a growing regional market.
PROPERTY FACTS Under Contract
| Price | $1,015,000 | Lot Size | 5.03 AC |
| Price Per SF | $90.63 | Building Size | 11,200 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.36% | Year Built | 2006 |
| Property Type | Specialty | Parking Ratio | 0.36/1,000 SF |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | H1 - Industrial | ||
| Price | $1,015,000 |
| Price Per SF | $90.63 |
| Sale Type | Investment |
| Cap Rate | 6.36% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.03 AC |
| Building Size | 11,200 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 0.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | H1 - Industrial |
1 1
PROPERTY TAXES
| Parcel Number | 0204-01-00908 | Improvements Assessment | $157,400 |
| Land Assessment | $106,100 | Total Assessment | $263,500 |
PROPERTY TAXES
Parcel Number
0204-01-00908
Land Assessment
$106,100
Improvements Assessment
$157,400
Total Assessment
$263,500
CONTACTS
-
Josh Snead -
David Perlleshi -
Frank DeSalvo -
Justin Clark -
Darron Kattan -
Franklin Street
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1239 Kenric Rd - 95 Storage and RV
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