EXECUTIVE SUMMARY
• Three-Property Storage Portfolio Comprised of 8,300 NRSF of Climate-Control Units, 133,905 NRSF of Non-Climate Units, 7 Covered Parking Spaces, and 18 Outdoor Parking Spaces
• Ample Expansion Room at All Three Locations and Opportunity to Convert Large Vacant Units at the Gavintown Rd. Location into Additional Climate-Control Units
• All Three Locations Have Leasing Offices But Are Managed by One Employee Due to the Facilities Being Within Five Miles of Each Other
• Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
• Since the 2020 Census, There Has Been 2.8% Annual Population Growth Within Three Miles of the Gavintown Road Location
• Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Income Revenue Streams
• Portfolio Consists of Roughly 40% of the Net Rentable Square Feet of Self Storage Within Five Miles of the Gavintown Road Location
• Lumberton is Located in Southeastern North Carolina Approximately 30 Miles South of Fayetteville
• The Lumberton MSA is Part of the Larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area Which is the 4th Largest in North
Carolina and is Home to 693,299 Residents
• Ample Expansion Room at All Three Locations and Opportunity to Convert Large Vacant Units at the Gavintown Rd. Location into Additional Climate-Control Units
• All Three Locations Have Leasing Offices But Are Managed by One Employee Due to the Facilities Being Within Five Miles of Each Other
• Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases
• Since the 2020 Census, There Has Been 2.8% Annual Population Growth Within Three Miles of the Gavintown Road Location
• Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Income Revenue Streams
• Portfolio Consists of Roughly 40% of the Net Rentable Square Feet of Self Storage Within Five Miles of the Gavintown Road Location
• Lumberton is Located in Southeastern North Carolina Approximately 30 Miles South of Fayetteville
• The Lumberton MSA is Part of the Larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area Which is the 4th Largest in North
Carolina and is Home to 693,299 Residents
PROPERTY FACTS
Price | $10,835,000 |
Price / SF | $76.19 / SF |
Cap Rate | 6.50% |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 142,205 SF |
Total Land Area | 20.18 AC |
PROPERTIES
PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
---|---|---|---|---|
2171 Gavintown Rd, Lumberton, NC 28358 | Retail | 59,343 SF | 1993 | - |
1402 Linkhaw Rd, Lumberton, NC 28358 | Specialty | 50,742 SF | 1993 | - |
1600 Starlite Dr, Lumberton, NC 28358 | Specialty | 32,120 SF | 1993 | - |
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