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Self-Storage Facility

Crystal Coast Mini Storage

1382 North Carolina Hwy 58, Cape Carteret, NC 28584

Listing Price: $675,000

Cap Rate
7.94%
Number of Units
94
Occupancy
75.0%
Rentable SF
7,875
Price/Rentable SF
$85.71
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Crystal Coast Mini Storage. This property, located at 1382 North Carolina Hwy 58, Cape Carteret, NC, sits on nearly 1 acre of land and contains a total of 7,875 net rentable square feet of storage. The facility is comprised of 68 Drive-up non-climate controlled units and 26 parking spaces for Boats, RV’s and cars. The property is currently operating at a 75% Economic Occupancy, providing upside through rate management and collections.

Crystal Coast Mini Storage is in close proximity to various Interstate Highways, U.S. Routes, and State Routes.

The current owner is willing to offer interest only seller financing to interested buyers. These favorable terms make this a great opportunity for a first time self-storage buyer, or an investor local to the area.

Investment Highlights

  • Seller Financing Available
  • Current Rents are 25% under market
  • 68 Drive-up Units & 26 Outdoor Parking Spaces
  • Upside Through Rate Management and Collections
  • Great Opportunity for 1st Time Self-Storage Buyer

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

Crystal Coast Mini Storage

Listing Price: $675,000

Cap Rate
7.94%
Number of Units
94
Occupancy
75.0%
Rentable SF
7,875
Price/Rentable SF
$85.71
Year Built
1985

Investment Highlights

  • Seller Financing Available
  • Current Rents are 25% under market
  • 68 Drive-up Units & 26 Outdoor Parking Spaces
  • Upside Through Rate Management and Collections
  • Great Opportunity for 1st Time Self-Storage Buyer

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Crystal Coast Mini Storage. This property, located at 1382 North Carolina Hwy 58, Cape Carteret, NC, sits on nearly 1 acre of land and contains a total of 7,875 net rentable square feet of storage. The facility is comprised of 68 Drive-up non-climate controlled units and 26 parking spaces for Boats, RV’s and cars. The property is currently operating at a 75% Economic Occupancy, providing upside through rate management and collections. Crystal Coast Mini Storage is in close proximity to various Interstate Highways, U.S. Routes, and State Routes. The current owner is willing to offer interest only seller financing to interested buyers. These favorable terms make this a great opportunity for a first time self-storage buyer, or an investor local to the area.

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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