9595 NC Hwy 16 | Newton, NC 28658
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- LoopNet Team
9595 NC Hwy 16
Newton, NC 28658
M.I. Mini Storage · Specialty Property For Sale
·
51,800 SF
INVESTMENT HIGHLIGHTS
- Brand New Facility in Growing Outer Suburb of Charlotte MSA that is Experiencing a Rapid Lease-Up
- Opportunity to Increase Revenue By Raising Rents Up to Market, Implementing Merchandise and Tenant Insurance Sales and Charging Late/Admin Fees
- Property is Strategically Located Along North Carolina Hwy 16 (12,685 VPD) Just a 50 Minute Drive From Downtown Charlotte
- Below Market Rents Can Be Increased Throughout the Lease-Up Process to Maximize Revenue
- Expansion Room Available to Construct an Additional 25,000 Gross SF of Climate Control Units
- Located in a High Job Growth Market of Newton, NC (8.11% 1-Year Growth)
PROPERTY FACTS
| Property Type | Specialty | Building Size | 51,800 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | B | Year Built | 2019 |
| Lot Size | 6.11 AC | Parking Ratio | 2.05/1,000 SF |
| Zoning | M-1 - manufacturing and industrial | ||
| Property Type | Specialty |
| Property Subtype | |
| Building Class | B |
| Lot Size | 6.11 AC |
| Building Size | 51,800 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | M-1 - manufacturing and industrial |
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