TriLink Storage Portfolio FOR SALE


Lumberton, NC
$9,950,000 USD
914-365-0752
, Lumberton, NC for Sale
$9,950,000 USD
FOR SALE
1/11
null | 7.08% Cap Rate

TriLink Storage Portfolio
Lumberton, NC


OVERVIEW

• Three-Property Storage Portfolio Comprised of 8,300 NRSF of Climate-Control Units, 133,905 NRSF of Non-Climate Units, 7 Covered Parking Spaces, and 18 Outdoor Parking Spaces • Ample Expansion Room at All Three Locations and Opportunity to Convert Large Vacant Units at the Gavintown Rd. Location into Additional Climate-Control Units • All Three Locations Have Leasing Offices But Are Managed by One Employee Due to the Facilities Being Within Five Miles of Each Other • Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases • Since the 2020 Census, There Has Been 2.8% Annual Population Growth Within Three Miles of the Gavintown Road Location • Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Income Revenue Streams • Portfolio Consists of Roughly 40% of the Net Rentable Square Feet of Self Storage Within Five Miles of the Gavintown Road Location • Lumberton is Located in Southeastern North Carolina Approximately 30 Miles South of Fayetteville • The Lumberton MSA is Part of the Larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area Which is the 4th Largest in North Carolina and is Home to 693,299 Residents ----------------------------------------------------------------------------------------------------------------------- Darron Kattan North Carolina BOR License No. 274442 Firm License No. C36348 813-839-7300 FSIVS@FranklinSt.com Franklin Street Real Estate Services LLC

ASK ABOUT THIS PROPERTY

David PerlleshiFranklin StreetMore Info
914-365-0752

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David PerlleshiFranklin StreetMore Info
914-365-0752

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