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Value Add Self Storage Facility In NC Only $349,900 - $349,900 (Aurora)

Value Add Self Storage Facility In NC Only $349,900

We have a small value add self storage facility for sale with all infrastructure already in place. This is a great opportunity for someone looking for a value add self storage property.

3 current buildings consisting of 63 non-climate control drive up units.

32 open storage Boat/RV spots that have been recently added.

Unit Break Down and current street rents.

14 5 x 10 – $30

27 10 x 10 – $50

22 10 x 20 – $80

32 Open Space Boat/RV – $35

Property is entirely fenced in with a new controlled gate and operator with keypad entry with hard wired internet access on the ESS platform and the sale includes the ESS account and website/domain.

Security lights are on the property as well.

Value Add includes: increasing occupancy, raising rents, offering tenant insurance.

In the future you could build 3 to 4 more buildings where the RV/Boat storage is located which would more than double the current size of the drive up units.

Income with 100% occupancy at current rental rates is $4,645 per month or $55,740 per year.

Current income at about 60% occupancy is around 3k per month.

We just added the outdoor storage so it hasn’t been leased up yet and there are also some drive up units available.

We are absentee owners and have a boots on the ground person that handles anything needed on site including landscaping.

Aurora NC is a small town near the coast and the major employer in the area is the Phosphate Mine which brings in a lot of employees and contractors from neighboring towns.

Several other employers have recently moved into the area and the infrastructure has been started for a major industrial park in town as well as a new subdivision and plans for a college campus.

post id: 7743112090

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