2016 Farley Rd - Self-Storage Facilities FOR SALE


Wilmington, NC 28405- Kings Grant
$1,052,000 USD
813-995-6528
2016 Farley Rd, Wilmington, NC for Sale
$1,052,000 USD
Self-Storage Facilities - FOR SALE
1/9
null | Request Cap Rate

2016 Farley Rd
Wilmington, NC 28405
Kings Grant


HIGHLIGHTS

  • Facility is Comprised of 24 Climate-Control Units Totaling 2,925 NRSF, 86 Non-Climate Units Totaling 6,950 NRSF and 5 Outdoor Parking Spaces
  • Current Rents Are Well Below Market, Presenting the Opportunity to Increase Revenue Through Existing Customer Rent Increases
  • Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place

OVERVIEW

- Stabilized Self Storage Facility With Upside Located in Rapidly Growing Wilmington, North Carolina - Facility is Comprised of 24 Climate-Control Units Totaling 2,925 NRSF, 86 Non-Climate Units Totaling 6,950 NRSF and 5 Outdoor Parking Spaces - Current Rents Are Well Below Market, Presenting the Opportunity to Increase Revenue Through Existing Customer Rent Increases - Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place - Opportunity to Increase Revenue Through Maximizing Fee and Tenant Insurance Income - Dense Population of 105,142 Residents Within Five Miles of the Property Growing at 1.9% Annually - Strong Average Household Income of $86,830 Within Five Miles of the Property - Wilmington is Located Along North Carolina's Southeastern Coast and is Home to 127,633 Residents - The Wilmington MSA is the Sixth Largest in the State of North Carolina and is Home to 467,337 Residents

FOR SALE DETAILS

PRICE

$1,052,000 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New River Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

48,077 SF

ZONING

I-1

APN/PARCEL ID

R03416-003-006-000

ASK ABOUT THIS PROPERTY

Josh SneadFranklin StreetMore Info
813-995-6528

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Josh SneadFranklin StreetMore Info
813-995-6528

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