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Self-Storage Facility

Space Place Self Storage

549 Freedom Way, Piney Green, NC 28544

Listing Price: $3,700,000

Cap Rate
3.61%
Occupancy
93.0%
Gross SF
44,475
Rentable SF
44,475
Price/Rentable SF
$83.19
Year Built
1990

Investment Overview

The Gorman Self Storage Group with Marcus & Millichap is pleased to offer the sale of Space Place Self Storage in Piney Green, NC. This investment includes 379 units totaling 44,475 NRSF of climate and non-climate storage. Rental rates at Space Place Self storage are currently more than 30% below market and there is room to expand the site by approximately 20,000 NRSF.

Investment Highlights

  • Over 30% Below Market Rental Rates
  • Room to Expand ~20,000 SF
  • Physical Occupancy 93%
  • 27,500 VPD on Freedom Way
  • Located Next to Camp Lejeune- 40K Active-Duty Service Members & Families
  • 24.3% Estimated Levered IRR

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Self-Storage Facility

Space Place Self Storage

Listing Price: $3,700,000

Cap Rate
3.61%
Occupancy
93.0%
Gross SF
44,475
Rentable SF
44,475
Price/Rentable SF
$83.19
Year Built
1990

Investment Highlights

  • Over 30% Below Market Rental Rates
  • Room to Expand ~20,000 SF
  • Physical Occupancy 93%
  • 27,500 VPD on Freedom Way
  • Located Next to Camp Lejeune- 40K Active-Duty Service Members & Families
  • 24.3% Estimated Levered IRR

Investment Overview

The Gorman Self Storage Group with Marcus & Millichap is pleased to offer the sale of Space Place Self Storage in Piney Green, NC. This investment includes 379 units totaling 44,475 NRSF of climate and non-climate storage. Rental rates at Space Place Self storage are currently more than 30% below market and there is room to expand the site by approximately 20,000 NRSF.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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