Self-Storage Facility
TRG Mini Storage & Carwash
406 E Hamlet Ave, Hamlet, NC 28345
Listing Price: $1,875,000
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale TRG Mini Storage & Carwash. This investment includes 406 E. Hamlet Ave, Hamlet, NC. Situated in the center of town, the self-storage facility contains 14,450 net rentable square feet with 143 non-climate controlled units and 15 parking spaces. Currently, the property is operating at 100% Physical Occupancy with current rents 40% below market. The market shows a strong demand for self-storage in 3, 5, 10 mile radius. The lot, which is 2.28 acres, also includes a 4-bay self serve car wash, 1 apartment and 2 car garage with office. This location has great presence and is situated on the corner of Hamlet Ave. The facility is set up for a new buyer to come in with their own touch and right business plan to capitalize on this mis-managed property.
Investment Highlights
- 143 Drive-up units plus 15 parking spaces / 100% Occupancy
- Current Rents are 40% below market
- Saturation - 3 mile 4.6 SF/Capita - 5 mile 6.6 SF/Capita - 10 mile 4.4 SF/Capita
- 2.28 acre corner property that includes a 4 Bay Self-Service Carwash and 1 apartment
Exclusively Listed By
Financing By
Listing Price: $1,875,000
Investment Highlights
- 143 Drive-up units plus 15 parking spaces / 100% Occupancy
- Current Rents are 40% below market
- Saturation - 3 mile 4.6 SF/Capita - 5 mile 6.6 SF/Capita - 10 mile 4.4 SF/Capita
- 2.28 acre corner property that includes a 4 Bay Self-Service Carwash and 1 apartment
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale TRG Mini Storage & Carwash. This investment includes 406 E. Hamlet Ave, Hamlet, NC. Situated in the center of town, the self-storage facility contains 14,450 net rentable square feet with 143 non-climate controlled units and 15 parking spaces. Currently, the property is operating at 100% Physical Occupancy with current rents 40% below market. The market shows a strong demand for self-storage in 3, 5, 10 mile radius. The lot, which is 2.28 acres, also includes a 4-bay self serve car wash, 1 apartment and 2 car garage with office. This location has great presence and is situated on the corner of Hamlet Ave. The facility is set up for a new buyer to come in with their own touch and right business plan to capitalize on this mis-managed property.
Exclusively Listed By
Financing By
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