www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31869163
31867676

2 Locations

HT
NC NC 318611, SC SC 119135 (+1)
Midcoast Properties Inc
Listed by Midcoast Properties Inc
$1,300,000
44 days on market
Updated 44 days ago

Foothills Storage NC

Details
Property Type Self Storage
Square Footage 13,380
Units 149
Cap Rate 5.46%
NOI $71,040
Occupancy 87.5%
Tenancy Multi
Pro-Forma Cap Rate 7.72%
Pro-Forma NOI $100,342
Price per SqFt $97
Class B
Year Built 1989
Year Renovated 2024, 2025
Buildings 6
Acreage 2.750
Zoning Peak St - MU, Ogle St - HC; buyer to verify
Investment Type Value Add

Two Property Portfolio Value-Add Investment Opportunity

Marketing description

Foothills Storage offers a rare opportunity to acquire a two-property self-storage portfolio in the growing foothills market of western North Carolina. Located at 690 S Peak St, Columbus, NC 28722 and 114 Ogle St, Columbus, NC 28722, the portfolio includes 151 total units across approximately 18,350 rentable square feet on 3.82± acres. Positioned in a supply-constrained market with just 4.14 square feet of storage per capita, this offering provides immediate in-place income with meaningful upside through continued lease-up and revenue optimization. The portfolio features convenient drive-up units, parking, an office component, online rentals, online bill pay, tenant insurance, lighting, and 24-hour access. Recent capital improvements help minimize near-term maintenance, including new roofs on all but one building in 2025, plus fresh exterior paint completed in 2024 and 2026. Occupancy at the two sites creates a compelling value-add story, with the larger property performing strongly and the second location offering lease-up potential. Set in Columbus near I-26 and US-74, Foothills Storage benefits from steady population growth, strong household incomes, and proximity to Asheville, Spartanburg, Greenville, and the Tryon International Equestrian Center.

Investment highlights

• Two Property Portfolio in Columbus, NC

• 148 Standard Units Plus Parking

• 18,350 +/- RSF, per software reports

• Value-Add: Significant Upside Through Continued Lease-Up, Revenue Management and Operational Efficiencies

• Recent Capital Improvements Made at Both Facilities 2024-2026

• Well-Maintained Properties

• High Growth Area - Near the Tryon International Equestrian Center

• High Average Household Income of $98,584 within 5 Miles, esri

• Potential Room for Expansion (Buyer to Verify)

• Includes Onsite Office that can be Rented for Additional Income

• Online Rentals and Bill Pay

• Limited Competition - Only 4.14 SF per Capita Within 5-Mile Radius (per StorTrack 4/20/26)

Listing Contacts

HT
NC NC 318611, SC SC 119135 (+1)
Midcoast Properties Inc
Listed by Midcoast Properties Inc

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
$71,040.00
$5,920.00/mo

Valuation Metrics

0
DSCR
5.46%
Cap Rate
5.46%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Hal Tanner III
License
NC 318611
Brokerage
Midcoast Properties, Inc.
Brokerage Phone
843-342-7650
Brokerage Address
7 Heyward Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591