Self-Storage Facility

Old Mill Storage

455 Spring St NW, Concord, NC 28025

Listing Price: $3,950,000

Cap Rate
1.37%
Occupancy
28.0%
Year Built
2016

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Old Mill Storage located at 455 Spring Street NW in Concord, North Carolina. The facility currently features 326 climate controlled units, totaling 43,170 net rentable square feet. They also offer 40 outdoor parking spaces for rent. The building is situated on 3.65 acres of land and was converted to self storage and opened in June 2017.

The property is located in a well populated and rapidly growing area of Concord and is just 20 miles northeast of Charlotte. There is currently a population of 96,173 people living within a five-mile radius of the facility, which represents a 37.43 percent increase since 2000.

Old Mill Storage is being offered for $3,950,000 or $91.49 per rentable square foot.

Investment Highlights

  • 326 Climate Controlled Units
  • 40 Outdoor Parking Spaces
  • Converted to Self Storage in June 2017
  • Below Market Rents
  • 43,170 Net Rentable Square Feet

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Self-Storage Facility

Old Mill Storage

Listing Price: $3,950,000

Cap Rate
1.37%
Occupancy
28.0%
Year Built
2016

Investment Highlights

  • 326 Climate Controlled Units
  • 40 Outdoor Parking Spaces
  • Converted to Self Storage in June 2017
  • Below Market Rents
  • 43,170 Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Old Mill Storage located at 455 Spring Street NW in Concord, North Carolina. The facility currently features 326 climate controlled units, totaling 43,170 net rentable square feet. They also offer 40 outdoor parking spaces for rent. The building is situated on 3.65 acres of land and was converted to self storage and opened in June 2017.

The property is located in a well populated and rapidly growing area of Concord and is just 20 miles northeast of Charlotte. There is currently a population of 96,173 people living within a five-mile radius of the facility, which represents a 37.43 percent increase since 2000.

Old Mill Storage is being offered for $3,950,000 or $91.49 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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