Listed by NAI Martens
$860,000
Storage Depot
Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 15,000
Net Rentable (SqFt) 15,000
Units 108
Cap Rate 8.70%
Occupancy 91%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 10.65%
Price per SqFt $57
Buildings 4
Acreage 4.500
91% Occupancy | 8.7% Cap Rate | 15,000 SF
Marketing description
- Income Growth Potential – Many of the current tenants are below the street rates, with additional upside through increasing tenant insurance income, which currently totals $1,288 annually.
- Strong Yield - The property offers an attractive going-in cap rate of 8.67%, based on annualized T-8 income. Operating income has remained consistent over the past eight months, while occupancy has steadily improved and currently exceeds 90%.
- Low Maintenance & Overall Operating Expense Ratio – Low property tax environment and ownership has experienced very minimal repairs and maintenance at the property.
- Remote Management – The property is owned by an out-of-state owner, with a boots-on-the-ground manager already in place for a new owner. BOTG manager does on-site maintenance and lawn care for $375 per month.
- Stable Local Economic Base – Employment is driven by government, healthcare, and retail, which together account for over 50% of the local workforce.
- National Retailers Nearby – Located near national retailers including Food Lion, CVS Pharmacy, Pizza Hut, KFC, Wendy’s, Family Dollar, Dollar General, Subway, and others.
Investment highlights
- Unit Occupancy: 90.7%
- Square Foot Occupancy: 92.8%
- Economic Occupancy: 88.2%
- 5-Mile SF Per Capita: 7.74
- Gross Income Multiplier: 8.56
- Financials and rent roll available upon request
Listing Contacts
Listed by NAI Martens
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 19 uses
View all 19 uses Last updated Feb 11, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
