2016 W Garner Rd
Garner, NC 27529
Specialty Property For Sale
·
29,920 SF
Investment Highlights
- Immediate Cash Flow with Upside
- Additional Income from Auto Repair Shop
- Expansion Possibilities
- Value-Add Opportunity
- Strong Demand Drivers
Property Facts
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1971 |
| Building Class | B | Parking Ratio | 0.4/1,000 SF |
| Lot Size | 2.35 AC | Cross Streets | Tryon Rd |
| Building Size | 29,920 SF | ||
| Zoning | LI - Light Industrial (Town of Garner) | ||
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 2.35 AC |
| Building Size | 29,920 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Parking Ratio | 0.4/1,000 SF |
| Cross Streets | Tryon Rd |
| Zoning | LI - Light Industrial (Town of Garner) |
Amenities
- Signage
About 2016 W GARNER RD , GARNER, NC 27529
Garner Mini-Storage is comprised of 273 units totaling 27,664 SF. Occupancy is 87%. The 42 “vacant” units all either need repairs or are owner occupied. Each of the units is a detached, free-standing structure with a hinged door. Unit sizes are 8x10, 8x12, 8x16, 8x20, and 8x24. The offering also includes a 2,256 SF, four-bay auto repair shop leased to North Auto Repair. The facility is currently self-managed. The facility is marketed via exterior signage and word of mouth. Tenants pay rent via cash, check, money orders, and credit cards. Credit card payments are facilitated using Payanywhere. All leases are month to month and include a security deposit, late fees, and other administrative fees. The Lease template can be shared with a signed confidentiality agreement. A typical unit turn involves metal caulking (if any holes exist) and cleaning.
Property Taxes
| Parcel Numbers | Improvements Assessment | $225,749 | |
| Land Assessment | $881,076 | Total Assessment | $1,106,825 |
Property Taxes
