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Self-Storage Facility

L & R U Store It

1952 Smokey Park Hwy, Candler, NC 28715

Listing Price: $2,700,000

Cap Rate
6.32%
Number of Units
235
Occupancy
87.0%
Gross SF
33,908
Rentable SF
33,908
Price/Rentable SF
$79.63
Year Built
1994

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale L & R U Store It, located five miles from Asheville at 1952 Smokey Park Highway in Candler, North Carolina. The facility currently features 235 non-climate-controlled units that make up 33,908 net rentable square feet. The facility opened in 1994 and is situated on 3.97 acres of land. The facility has been able to maintain strong historical occupancy rates and is currently 86.95% physically occupied.

Investment Highlights

  • Asheville, North Carolina Area Stabilized Self-Storage Facility with Large Upside
  • Located Five Miles from Downtown Asheville
  • 33,908 Net Rentable Square Feet | 235 Non-Climate-Controlled Units
  • Potential Loan Assumption Opportunity | $1.2 Million Balance | 4 Percent Interest Rate
  • BETCO Plans in Place for a 13,000 Net Rentable Square Feet Expansion

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

L & R U Store It

Listing Price: $2,700,000

Cap Rate
6.32%
Number of Units
235
Occupancy
87.0%
Gross SF
33,908
Rentable SF
33,908
Price/Rentable SF
$79.63
Year Built
1994

Investment Highlights

  • Asheville, North Carolina Area Stabilized Self-Storage Facility with Large Upside
  • Located Five Miles from Downtown Asheville
  • 33,908 Net Rentable Square Feet | 235 Non-Climate-Controlled Units
  • Potential Loan Assumption Opportunity | $1.2 Million Balance | 4 Percent Interest Rate
  • BETCO Plans in Place for a 13,000 Net Rentable Square Feet Expansion

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale L & R U Store It, located five miles from Asheville at 1952 Smokey Park Highway in Candler, North Carolina. The facility currently features 235 non-climate-controlled units that make up 33,908 net rentable square feet. The facility opened in 1994 and is situated on 3.97 acres of land. The facility has been able to maintain strong historical occupancy rates and is currently 86.95% physically occupied.

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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