Listed by Matthews
$775,000
Silverback Storage Portfolio
Details
Property Type Self Storage
Square Footage 22,410
Units 163
Cap Rate 8.46%
NOI $65,556
Occupancy 72%
Price per SqFt $35
Year Built 1985
Acreage 4.580
Two-Facility Self-Storage Portfolio with 8.46% Cap Rate and Expansion Upside
Investment highlights
• 8.46% Going-In Cap Rate based on trailing 12-month NOI, with additional upside potential remaining
• Two-Facility Portfolio totaling 22,410 NRSF, strategically located just 2.5 miles apart
• Expansion Opportunity at the Forsyth location with approximately 0.98 acres available for future development
• Value-Add Opportunity to improve both physical occupancy and economic performance
• Below Replacement Cost offering at just $34.58 per NRSF
• Turnkey Security - Both locations feature upgraded LED lighting and full camera coverage, reducing immediate capex and lowering utility bills
Listing Contacts
Listed by Matthews
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
$65,556.00
$5,463.00/mo
Valuation Metrics
0
DSCR
8.46%
Cap Rate
8.46%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
