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Self-Storage Facility

First USA Storage of Kannapolis

2745 N Cannon Blvd, Kannapolis, NC 28083

Listing Price: $6,525,000

Cap Rate
5.00%
Number of Units
347
Occupancy
97.0%
Rentable SF
41,990
Price/Rentable SF
$155.39
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a four property portfolio located in Asheville, North Carolina and Charlotte, North Carolina MSA. These facilities have 1,140 total combined units, totaling 138,894 net rentable square feet. There is an expansion opportunity at the Kannapolis location with the car wash area, and a conversion opportunity at the Asheville location with 1,400 square feet of office space that can be used for additional revenue. All four locations are all fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. All of the properties benefit from dense and growing surrounding populations. All locations have close proximity to various Interstate Highways, U.S. Routes, and State Routes. The four facilities are all located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. This provides the facilities with close proximity to high daily traffic counts ranging from 9,200-33,000 cars per day. First USA Storage Four Property Portfolio is being offered for $17,900,000 or $128.88 per rentable square foot.

Investment Highlights

  • Four Property, Asheville & Charlotte MSA Self Storage Portfolio
  • Combined 138,894 NRSF | Combined 1,140 Total Units
  • Kannapolis: 96.60% Physically Occupied
  • Expansion Opportunity at Kannapolis Location with Car Wash Area

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Self-Storage Facility

First USA Storage of Kannapolis

Listing Price: $6,525,000

Cap Rate
5.00%
Number of Units
347
Occupancy
97.0%
Rentable SF
41,990
Price/Rentable SF
$155.39
Year Built
1987

Investment Highlights

  • Four Property, Asheville & Charlotte MSA Self Storage Portfolio
  • Combined 138,894 NRSF | Combined 1,140 Total Units
  • Kannapolis: 96.60% Physically Occupied
  • Expansion Opportunity at Kannapolis Location with Car Wash Area

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale a four property portfolio located in Asheville, North Carolina and Charlotte, North Carolina MSA. These facilities have 1,140 total combined units, totaling 138,894 net rentable square feet. There is an expansion opportunity at the Kannapolis location with the car wash area, and a conversion opportunity at the Asheville location with 1,400 square feet of office space that can be used for additional revenue. All four locations are all fully secured with keypad entry, on-site management offices, and 24-hour video surveillance. All of the properties benefit from dense and growing surrounding populations. All locations have close proximity to various Interstate Highways, U.S. Routes, and State Routes. The four facilities are all located in busy areas with lots of restaurants, retail stores, schools, residential neighborhoods, and much more. This provides the facilities with close proximity to high daily traffic counts ranging from 9,200-33,000 cars per day. First USA Storage Four Property Portfolio is being offered for $17,900,000 or $128.88 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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