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Marketing Description
Sands Investment Group is Pleased to Present Exclusively For Sale M.I. Mini Storage Located at 9595 NC-16 South in Newton, North Carolina. This Brand-New Facility Was Built in 2019 & 2021 and Features 254 Units Totalling 51,800 NRSF, as Well as 27 Outdoor Parking Spaces. This Self Storage Asset Had Two New Buildings Come Online Within the Last 3 Months That Have Seen a Rapid Lease-Up. There is Room For an Additional 25,000 SF to be Built On-Site, For Which Infrastructure is Already in Place. Additional Value-Add Opportunities Include Raising Rents Up to Market, and the Implementation of Merchandise Sales, Tenant Insurance Sales, and Admin/Late Fees.
Investment Highlights
- Brand New Facility in Growing Outer Suburb of Charlotte MSA that is Experiencing a Rapid Lease-Up
- Below Market Rents Can Be Increased Throughout the Lease-Up Process to Maximize Revenue
- Opportunity to Increase Revenue By Raising Rents Up to Market, Implementing Merchandise and Tenant Insurance Sales and Charging Late/Admin Fees
- Expansion Room Available to Construct an Additional 25,000 Gross SF of Climate Control Units
- Property is Strategically Located Along North Carolina Hwy 16 (12,685 VPD) Just a 50 Minute Drive From Downtown Charlotte
- Located in a High Job Growth Market of Newton, NC (8.11% 1-Year Growth)
- Healthy Population and Average Household Income Within a 3-Mile Radius
- Close Proximity to Local Industrial/Commercial Park Offers Opportunity For Storage
- Nearby Tenants Include: Walmart Neighborhood Market, Pizza Hut, Subway, O'Reilly Auto Parts, AutoZone Auto Parts and Many More
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Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
David Perlleshi PRO
•••.•••.0752
•••••.•••••eshi@••••••••••.com
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