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2016 Farley Rd - New River Storage 11,287 SF Specialty Building Offered at $1,052,000 in Wilmington, NC 28405
Investment Highlights
- Facility is Comprised of 24 Climate-Control Units Totaling 2,925 NRSF, 86 Non-Climate Units Totaling 6,950 NRSF and 5 Outdoor Parking Spaces
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Current Rents Are Well Below Market, Presenting the Opportunity to Increase Revenue Through Existing Customer Rent Increases
Executive Summary
- Stabilized Self Storage Facility With Upside Located in Rapidly Growing Wilmington, North Carolina
- Facility is Comprised of 24 Climate-Control Units Totaling 2,925 NRSF, 86 Non-Climate Units Totaling 6,950 NRSF and 5 Outdoor Parking Spaces
- Current Rents Are Well Below Market, Presenting the Opportunity to Increase Revenue Through Existing Customer Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income
- Dense Population of 105,142 Residents Within Five Miles of the Property Growing at 1.9% Annually
- Strong Average Household Income of $86,830 Within Five Miles of the Property
- Wilmington is Located Along North Carolina's Southeastern Coast and is Home to 127,633 Residents
- The Wilmington MSA is the Sixth Largest in the State of North Carolina and is Home to 467,337 Residents
- Facility is Comprised of 24 Climate-Control Units Totaling 2,925 NRSF, 86 Non-Climate Units Totaling 6,950 NRSF and 5 Outdoor Parking Spaces
- Current Rents Are Well Below Market, Presenting the Opportunity to Increase Revenue Through Existing Customer Rent Increases
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income
- Dense Population of 105,142 Residents Within Five Miles of the Property Growing at 1.9% Annually
- Strong Average Household Income of $86,830 Within Five Miles of the Property
- Wilmington is Located Along North Carolina's Southeastern Coast and is Home to 127,633 Residents
- The Wilmington MSA is the Sixth Largest in the State of North Carolina and is Home to 467,337 Residents
Property Facts Under Contract
| Price | $1,052,000 | Lot Size | 1.10 AC |
| Price Per SF | $93.20 | Building Size | 11,287 SF |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1996 |
| Property Subtype | Self-Storage | Parking Ratio | 0.89/1,000 SF |
| Building Class | C | ||
| Zoning | I-1 | ||
| Price | $1,052,000 |
| Price Per SF | $93.20 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 11,287 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | I-1 |
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Property Taxes
| Parcel Number | R03416-003-006-000 | Improvements Assessment | $454,300 |
| Land Assessment | $210,900 | Total Assessment | $665,200 |
Property Taxes
Parcel Number
R03416-003-006-000
Land Assessment
$210,900
Improvements Assessment
$454,300
Total Assessment
$665,200
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Josh Snead -
David Perlleshi -
Justin Clark -
Frank DeSalvo -
Darron Kattan -
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2016 Farley Rd - New River Storage
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