Self-Storage Facility
Area Storage Outer Banks Portfolio
8659 Caratoke Hwy, Harbinger, NC 27941
Listing Price: $27,000,000
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.
Listing Price: $27,000,000
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.
