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3801 Wabash Blvd
Winston-Salem, NC 27106
Specialty Property For Sale
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93,809 SF
PROPERTY FACTS
| Property Type | Specialty | Building Size | 93,809 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built/Renovated | 1995/2022 |
| Lot Size | 2.15 AC | Parking Ratio | 8.33/1,000 SF |
| Zoning | HB-S | ||
| Property Type | Specialty |
| Property Subtype | |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 93,809 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1995/2022 |
| Parking Ratio | 8.33/1,000 SF |
| Zoning | HB-S |
ABOUT 3801 WABASH BLVD , WINSTON-SALEM, NC 27106
Fantastic Growth potential in an area that has high demand for Self-Storage. 20% ProForma Cap Rate. Surrounded by multi-family units and apartments. Location is only 1.5 miles from Wake Forest University. The property set on 1.92 acres and includes 82 self-storage units are offered in a variety of sizes. See the attached document for details. In addition, there is 60 open parking for RV, Campers, Boats, Cars, Trucks and more. This investment property is secured by video surveillance, and a security code access gate. Another security feature it is surrounded by mature trees in addition to the chain link fence. Located off Reynolda Rd with easy access. Recent management change has increased returns by 10% over the last 6 months. Current management is excellent and is willing to continue if desired. Current occupancy rate in the self-storage units is at 79%, and 30% for open parking. The occupancy is increasing steadily under new management and still has much more potential. Current rental rates are set below market pricing. Recent updates include updated Gate components, additional gravel and over all maintenance.
PROPERTY TAXES
| Parcel Number | 6808-70-9111 | Improvements Assessment | $854,900 |
| Land Assessment | $259,700 | Total Assessment | $1,114,600 |
PROPERTY TAXES
