Listed by Franklin Street Tampa
$3,900,000
Creekside Self Storage Portfolio
Details
APN 6931-87-8839; 6941-07-5644
Property Type Self Storage
Sub Type Self Storage
Net Rentable (SqFt) 42,400
Units 296
NOI $31,621
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $339,594
Year Built 2016 - 2024
Buildings 5
Stories 1
Acreage 9.070
Investment Type Value Add
Self Storage | 42,200 | Expansion Room | Seller Financing
Marketing description
Value-Add Self Storage Facility Featuring a 29,800 NRSF Expansion That Was Completed in 2024 and is Currently in Lease Up
Facility is comprised of 7,800 NRSF of Climate-Control Units, 34,600 NRSF of Non-Climate Units, and 11 Outdoor Parking Rentals Spread Across Two Locations ~0.25 Miles Apart
Extremely Limited Competition in the Immediate Area Evidenced by a Saturation Rate of 4.28 SF/Capita Within Five Miles of the Property
The Newer Facility Sits on a 6.74-Acre Parcel With Ample Room For Future Expansion and/or the Further Implementation of Outdoor Parking Rentals
Opportunity to Increase Revenue Through Lease Up & Stabilization, Maximizing Fee Income, and the Implementation of Tenant Insurance Sales
Strong Average Household Income of $75,697 Within Five Miles of the Property
Germanton, North Carolina, is a Small Town Located Just North of Winston-Salem in Stokes County, Which is Home to 45,532 Residents
The Winston-Salem MSA is the Fourth Largest in the State of North Carolina and is Home to 695,630 Residents
Listing Contacts
Listed by Franklin Street Tampa
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,621.00
$2,635.08/mo
Valuation Metrics
0
DSCR
0.81%
Cap Rate
0.81%
ROI
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