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Self-Storage Facility

Richlands Mini Storage

7369 Richlands Hwy, Richlands, NC 28574

Listing Price: $9,000,000

Cap Rate
6.10%
Number of Units
706
Occupancy
99.0%
Gross SF
102,340
Rentable SF
102,340
Price/Rentable SF
$87.94
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to present Richlands Mini Storage, a well-established self-storage facility located in Richlands, North Carolina. Spanning 102,340 net rentable square feet across 706 units, the property offers a diverse unit mix with approximately 30% climate-controlled units and 70% drive-up units, catering to a broad range of storage users.

Investment Highlights

  • 99% Physical Occupancy
  • Mix of Climate and Non-Climate Storage
  • Low Saturation in 5-Mile Radius of 5.6 SF/Person
  • ~20,000 VPD
  • Strong Population Growth

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Self-Storage Facility

Richlands Mini Storage

Listing Price: $9,000,000

Cap Rate
6.10%
Number of Units
706
Occupancy
99.0%
Gross SF
102,340
Rentable SF
102,340
Price/Rentable SF
$87.94
Year Built
1997

Investment Highlights

  • 99% Physical Occupancy
  • Mix of Climate and Non-Climate Storage
  • Low Saturation in 5-Mile Radius of 5.6 SF/Person
  • ~20,000 VPD
  • Strong Population Growth

Investment Overview

Marcus & Millichap is pleased to present Richlands Mini Storage, a well-established self-storage facility located in Richlands, North Carolina. Spanning 102,340 net rentable square feet across 706 units, the property offers a diverse unit mix with approximately 30% climate-controlled units and 70% drive-up units, catering to a broad range of storage users.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Director Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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