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Self-Storage Facility

Area Storage Outer Banks Portfolio

8659 Caratoke Hwy, Harbinger, NC 27941

Listing Price: $27,000,000

Cap Rate
4.27%
Number of Units
822
Occupancy
95.0%
Gross SF
116,615
Rentable SF
116,615
Price/Rentable SF
$231.53
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to offer for sale The Area Storage Two Property Portfolio located in The Outer Banks, North Carolina. These properties combine to feature 370 climate-controlled units and 415 non-climate units totaling 116,615 net rentable square feet. These are stabilized and cash-flowing facilities that benefit from an affluent and growing surrounding population. The Area Storage Two Property Portfolio combines to sit on 13.26 acres of land and are separated by about 1.74 miles.

Investment Highlights

  • Outer Banks, North Carolina Stabilized Two Property Self Storage Portfolio With Upside
  • Room for Expansion
  • Very High Barriers to Entry
  • Both Facilities Have Seen Incredible Rent Growth

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

Area Storage Outer Banks Portfolio

Listing Price: $27,000,000

Cap Rate
4.27%
Number of Units
822
Occupancy
95.0%
Gross SF
116,615
Rentable SF
116,615
Price/Rentable SF
$231.53
Year Built
2004

Investment Highlights

  • Outer Banks, North Carolina Stabilized Two Property Self Storage Portfolio With Upside
  • Room for Expansion
  • Very High Barriers to Entry
  • Both Facilities Have Seen Incredible Rent Growth

Investment Overview

Marcus & Millichap is pleased to offer for sale The Area Storage Two Property Portfolio located in The Outer Banks, North Carolina. These properties combine to feature 370 climate-controlled units and 415 non-climate units totaling 116,615 net rentable square feet. These are stabilized and cash-flowing facilities that benefit from an affluent and growing surrounding population. The Area Storage Two Property Portfolio combines to sit on 13.26 acres of land and are separated by about 1.74 miles.

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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