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Self-Storage Brothers Portfolio 2 Properties Offered at $6,600,000 in Multiple Locations
Investment Highlights
- Value-add opportunity through lease up, given current portfolio occupancy at 58%
- Combined traffic counts of 58,000 vehicles per day across the three sites
- Expansion opportunity included in the sale
- Attractive, day-one returns with significant upside remaining. 5.93% In-Place Cap Rate, 10.14% Year 4 Cap Rate
- Below market in-place rents with room to push rents at stabilization
- Very favorable basis, especially given the amount of climate controlled storage included in the sale
Executive Summary
Gerard Hamas
Matthews Real Estate Investment Services, Inc
License # 362768 (NC), C42113 (NC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 362768 (NC), C42113 (NC)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $6,600,000 | Number of Properties | 3 |
| Price / SF | $53.27 / SF | Individually For Sale | 0 |
| Cap Rate | 5.93% | Total Building Size | 123,900 SF |
| Sale Type | Investment | Total Land Area | 8.90 AC |
| Status | Active |
| Price | $6,600,000 |
| Price / SF | $53.27 / SF |
| Cap Rate | 5.93% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 123,900 SF |
| Total Land Area | 8.90 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Ayden mini storage
3901 Lee St A, Ayden, NC 28513 |
Specialty | 26,900 SF | 1998 | - |
| 412 Park Ave, Kinston, NC 28501 | Industrial | 97,000 SF | 1912 | - |
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