Self-Storage Facility
EZ Store & Lock
344 N Egerton Rd, Hendersonville, NC 28792
Listing Price: $1,400,000
Investment Overview
Marcus and Millichap is pleased to offer the sale of EZ Store & Lock in Hendersonville, NC. This investment includes 156 non-climate units and 28 Boat and RV parking spaces totaling 17,600 net rentable square feet. Currently, the property sits at 94% occupancy on available units and has new doors ready to be installed for the unavailable units. The site is in high demand and has a waiting list of customers for new unit rentals. Without adjusting rental rates, the new buyer can achieve a 8.4% cap rate by making the units available through door installation.
EZ Store & Lock
Investment Highlights
- Renovated in 2017 with New Paint, Doors, and Roofs on 2 of 3 Buildings
- 8.4% Cap Rate in Year 1
- Rental Rates 14% Below Market Average
- Remotely Managed with Keypad Entry Gate and Online Rentals
- Over 55,000 People in the 5 Mile Radius
- 94% Occupied on Available Units with Approximately 50 Unavailable Units Waiting on New Doors or Owner Occupied
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,400,000
Investment Highlights
- Renovated in 2017 with New Paint, Doors, and Roofs on 2 of 3 Buildings
- 8.4% Cap Rate in Year 1
- Rental Rates 14% Below Market Average
- Remotely Managed with Keypad Entry Gate and Online Rentals
- Over 55,000 People in the 5 Mile Radius
- 94% Occupied on Available Units with Approximately 50 Unavailable Units Waiting on New Doors or Owner Occupied
Investment Overview
Marcus and Millichap is pleased to offer the sale of EZ Store & Lock in Hendersonville, NC. This investment includes 156 non-climate units and 28 Boat and RV parking spaces totaling 17,600 net rentable square feet. Currently, the property sits at 94% occupancy on available units and has new doors ready to be installed for the unavailable units. The site is in high demand and has a waiting list of customers for new unit rentals. Without adjusting rental rates, the new buyer can achieve a 8.4% cap rate by making the units available through door installation.
Exclusively Listed By
Broker of Record
Financing By
