605 E I St - Self-Storage Facilities FOR SALE


Erwin, NC 28339
$1,400,000 USD
910-344-1000
605 E I St, Erwin, NC for Sale
$1,400,000 USD
Self-Storage Facilities - FOR SALE
1/4
null | 6.79% Cap Rate

605 E I St
Erwin, NC 28339


HIGHLIGHTS

  • Close proximity to Campbell University
  • ±4.5 Miles from I-95
  • Harnett County population has grown 20% from 2010-2022
  • Stabilized income producing property
  • Value-add component with the additional vacant land.
  • Competing facility's asking rent is ±9% higher than Subject

OVERVIEW

Cape Fear Commercial is pleased to present this unique stabilized self storage facility, featuring six (6) buildings totaling 159 units ±17,350 SF. While being a stabilized asset, this opportunity also presents a value-add component with an additional ±4.28 acres of vacant land included in this offering. The facility has historically been owner managed with minimal advertisement. Other facility's nearby are advertising spaces at rates significantly higher than the Subjects current rent (±9%). Although forecasting higher rents could be justified, the attached proforma takes a conservative approach and only assumes 3% increase in rental growth for 2026.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$81 USD /SF

CAP RATE

6.79%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

5.56 AC

LAND SF

242,194 SF

ZONING

B2

APN/PARCEL ID

0423196524

ASK ABOUT THIS PROPERTY

Lee SingletonCape Fear CommercialMore Info
910-344-1000

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Lee SingletonCape Fear CommercialMore Info
910-344-1000

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