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Self-Storage Facility

Storage Center

580 S Glenburnie Rd, New Bern, NC 28560

Listing Price: $1,450,000

Cap Rate
6.42%
Number of Units
108
Occupancy
77.0%
Rentable SF
18,600
Price/Rentable SF
$77.96
Year Built
1995

Investment Overview

The Storage Center is a 108 unit self-storage property listed for sale in New Bern, NC. This opportunity is 18,600 rentable square feet of non-climate storage. This property is fully automated with keypad access and located at the entrance of the largest public park in New Bern.

Investment Highlights

  • 6.42% In Place Cap Rate
  • 9.34% Year 1 Cash on Cash
  • Located at Entrance to Largest Public Park in New Bern
  • Fully Automated Facility
  • Leased up 35% Since January 2021 Following New Ownership
  • New Security Cameras Installed 2021

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

Storage Center

Listing Price: $1,450,000

Cap Rate
6.42%
Number of Units
108
Occupancy
77.0%
Rentable SF
18,600
Price/Rentable SF
$77.96
Year Built
1995

Investment Highlights

  • 6.42% In Place Cap Rate
  • 9.34% Year 1 Cash on Cash
  • Located at Entrance to Largest Public Park in New Bern
  • Fully Automated Facility
  • Leased up 35% Since January 2021 Following New Ownership
  • New Security Cameras Installed 2021

Investment Overview

The Storage Center is a 108 unit self-storage property listed for sale in New Bern, NC. This opportunity is 18,600 rentable square feet of non-climate storage. This property is fully automated with keypad access and located at the entrance of the largest public park in New Bern.

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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