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939 N Logan St - Cannon Secure Storage 11,728 SF Specialty Building Offered at $780,000 at a 6.41% Cap Rate in Gaffney, SC 29341
Investment Highlights
- Remote Management
- Located just 5 minutes from busy Interstate 85!
- Growing population, occupancy, and rates!
- No Planned Developments in the 5 mile radius
- Fenced and Gated with Cement Drives
- Current NOI is about $50,000 and NOI is expected to reach $90,000!
Executive Summary
SVN and StorageSales.com is pleased to present Cannon Secure Storage in Gaffney, SC. This property sits on .64 acres. It is 11,600ft and features 75 non-climate controlled units. This area is continuing to grow in population with 28,000 people in the 5 mile radius. This area is also experiencing positive rental growth which is an excellent opportunity for buyer to raise rates.
Property Facts
| Price | $780,000 | Building Class | C |
| Price Per SF | $67.24 | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 11,600 SF |
| Cap Rate | 6.41% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1983 |
| Property Subtype | Self-Storage |
| Price | $780,000 |
| Price Per SF | $67.24 |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 11,600 SF |
| No. Stories | 1 |
| Year Built | 1983 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 099-01-00-036.000 | Improvements Assessment | $20,700 |
| Land Assessment | $5,400 | Total Assessment | $26,100 |
Property Taxes
Parcel Number
099-01-00-036.000
Land Assessment
$5,400
Improvements Assessment
$20,700
Total Assessment
$26,100
Contacts
-
Doug Wilson -
Kristen Asman -
Mary K O'Malley, CCIM -
Stephen Ahnrud -
SVN | Wilson Commercial Group, LLC
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939 N Logan St - Cannon Secure Storage
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