Skip to main content

Self-Storage Facility

Forward Storage Five Property Portfolio

160 Blueberry Ln, New Bern, NC 28560

Listing Price: $16,500,000

Cap Rate
5.27%
Number of Units
1,003
Occupancy
72.0%
Gross SF
129,770
Rentable SF
129,770
Price/Rentable SF
$127.15
Year Built
2001

Investment Overview

Marcus & Millichap is pleased to offer for sale the Forward Storage Five Property Portfolio located in New Bern, North Carolina. These five properties combine to feature 289 climate-controlled units, 706 non-climate-controlled units, three office spaces, and five outdoor parking spaces totaling 129,770 net rentable square feet. All five locations are within about eight miles of each other. There are opportunities for future expansion at the Broad Creek, Highway 17, and Highway 55 locations as well.

Investment Highlights

  • Coastal North Carolina Five Property Self-Storage Portfolio with Upside
  • All Five Facilities are Within About Eight Miles of Each Other in New Bern, North Carolina
  • Approximately 80 Miles Northeast of Wilmington, North Carolina
  • 129,770 Combined Net Rentable Square Feet
  • 289 Climate-Controlled Units, 706 Non-Climate-Controlled Units, Three Office Spaces, and Five Outdoor Parking Spaces

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Self-Storage Facility

Forward Storage Five Property Portfolio

Listing Price: $16,500,000

Cap Rate
5.27%
Number of Units
1,003
Occupancy
72.0%
Gross SF
129,770
Rentable SF
129,770
Price/Rentable SF
$127.15
Year Built
2001

Investment Highlights

  • Coastal North Carolina Five Property Self-Storage Portfolio with Upside
  • All Five Facilities are Within About Eight Miles of Each Other in New Bern, North Carolina
  • Approximately 80 Miles Northeast of Wilmington, North Carolina
  • 129,770 Combined Net Rentable Square Feet
  • 289 Climate-Controlled Units, 706 Non-Climate-Controlled Units, Three Office Spaces, and Five Outdoor Parking Spaces

Investment Overview

Marcus & Millichap is pleased to offer for sale the Forward Storage Five Property Portfolio located in New Bern, North Carolina. These five properties combine to feature 289 climate-controlled units, 706 non-climate-controlled units, three office spaces, and five outdoor parking spaces totaling 129,770 net rentable square feet. All five locations are within about eight miles of each other. There are opportunities for future expansion at the Broad Creek, Highway 17, and Highway 55 locations as well.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

MM Texture Background
MM Textured Background Lower