Value Add Self Storage Facility Near NC Coast.
We have a nice value add self storage facility for sale with infrastructure already in place. This is a great opportunity as a first facility or for someone who wants to increase the value themselves. We are absentee owners and we have a boots on the ground person that handles anything needed on site including landscaping. We also use divinci locks for overlocks when needed.
Price is only $399,900.
Value Add includes: increasing occupancy, raising rents, building 3 to 4 more buildings which would more than double the current size, offering tenant insurance, or there’s also the potential of possibly converting the open storage to a long-term RV park. (County water is on the street.)
Property is entirely fenced in with a new controlled gate access operator with keypad entry.
Security lights are on the property through Duke Energy.
Facility is on the ESS (Easy Storage Solutions) management platform and the sale includes the ESS account and website/domain.
3 current buildings consisting of 63 non-climate control units.
32 open storage Boat/RV spots that have been recently added.
Unit Break Down and current street rents.
14 5 x 10 – $30
27 10 x 10 – $50
22 10 x 20 – $80
32 Open Space Boat/RV – $35
We just added the outdoor storage so it hasn’t been leased up yet and there are also some units available.
Income with 100% occupancy at current rent rates is $4,645 per month or $55,740 per year.
The major employer in the area is a Phosphate Mine which brings in a lot of employees and contractors from neighboring towns.
Several other employers have recently moved into the area and the infrastructure has been started for a major industrial park in town as well as a new subdivision.
Message me for more info and pics.