

Listed by Midcoast Properties Inc
$1,300,000
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


Listed by Midcoast Properties Inc
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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
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