704-313-6869
124 Patrick Rd, Gastonia, NC for Sale
Self-Storage Facilities - FOR SALE
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124 Patrick Rd
Gastonia, NC 28056


HIGHLIGHTS

  • Established Gastonia asset: 39,875 net rentable square feet and 270 total units situated on 4.88 acres in Gaston County.
  • Diverse storage offerings: 136 climate-controlled units and 115 drive-up units provide a broad range of storage options.
  • Boat, RV, and parking income: 12 covered boat/RV spaces totaling 6,600 rentable square feet, complemented by six paved parking spaces.
  • Income-producing commercial component: Fully occupied, 2,500-square-foot commercial space generating $2,600 per month in rental income.
  • Value-add upside: 72.35% physical occupancy provides room for lease-up, with additional revenue potential through rental-rate optimization.

OVERVIEW

Lee & Associates is pleased to present ModBox Self Storage, a value-add investment opportunity at 124 Patrick Road in Gastonia, North Carolina. Situated on 4.88 acres, the property offers 39,875 net rentable square feet and 270 total units across a diversified mix of climate-controlled storage, drive-up storage, covered boat and RV storage, paved parking, and commercial space. A fully occupied, 2,500-square-foot commercial unit contributes $31,200 in annual rental income. With 72.35% physical occupancy, ModBox offers investors existing income with meaningful upside through lease-up and rental-rate optimization. The surrounding market features a 2025 population of 70,097 within five miles and a median household income of $99,451 within three miles. Supported by projected population growth, this offering presents an attractive opportunity to build occupancy and strengthen operating performance across multiple revenue streams.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ModBox Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

5.81 AC

LAND SF

253,000 SF

ZONING

C-3

APN/PARCEL ID

205160

ASK ABOUT THIS PROPERTY

Jean AquinoLee & AssociatesMore Info
704-313-6869

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Jean AquinoLee & AssociatesMore Info
704-313-6869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.