700 S Linwood Rd - Self-Storage Facilities FOR SALE


Gastonia, NC 28052
$1,100,000 USD
215-531-7088
700 S Linwood Rd, Gastonia, NC for Sale
$1,100,000 USD
Self-Storage Facilities - FOR SALE
1/7
null | Request Cap Rate

700 S Linwood Rd
Gastonia, NC 28052


HIGHLIGHTS

  • Seller Financing Will Be Considered
  • Approximately 1.5 Acres Available for Future Expansion
  • 35 minutes outside of Charlotte, NC
  • Near Full Occupancy with Strong In-Place Cash Flow
  • Current Rental Rates More Than 25 Percent Below Market

OVERVIEW

Marcus & Millichap is pleased to present the investment opportunity located at 700 Linwood Road in Gastonia, North Carolina. The property features a self-storage facility containing approximately 12,000 net rentable square feet of drive-up storage units. The property is currently 96.75 percent physically occupied, providing investors with strong in-place cash flow and demonstrating the facility's established position within the local market. The facility is equipped with numerous features that improve tenant experience, including a fully fenced perimeter, gated entry system, on-site management office, paved drive aisles, security cameras, and modern management software. These operational improvements provide a turnkey opportunity for a new owner while supporting streamlined day-to-day management and tenant retention. In addition, the property includes approximately 1.5 acres of excess land, creating a valuable expansion opportunity for future ownership to increase rentable square footage and capitalize on growing storage demand. The investment is further enhanced by a seller financing option and a compelling value-add component, as current rental rates are reportedly more than 25 percent below prevailing market rates. Additionally, and there are currently no planned or under-construction self-storage facilities within a five-mile radius, limiting future competitive pressure and supporting long-term occupancy and pricing power. As a result, this self-storage facility offers investors a unique opportunity to acquire a stabilized asset with meaningful value-creation potential.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linwood Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

2.82 AC

LAND SF

122,839 SF

ZONING

Business/Commercial

APN/PARCEL ID

111828

ASK ABOUT THIS PROPERTY

Andreas MakrisMarcus & MillichapMore Info
215-531-7088

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Andreas MakrisMarcus & MillichapMore Info
215-531-7088

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