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Self-Storage Facility

A Storage Place - Oleander

5319 Oleander Dr, Wilmington, NC 28403

Listing Price: $4,200,000

Cap Rate
4.98%
Number of Units
328
Occupancy
79.9%
Gross SF
40,160
Rentable SF
40,160
Price/Rentable SF
$104.58
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale A Storage Place Two Property Portfolio located in Wilmington, North Carolina. The two facilities combined feature 242 climate controlled units and 1,066 non-climate controlled units totaling 154,576 net rentable square feet. They also offer 43 outdoor parking spaces for rent at the Oleander facility. The facilities have strong historical occupancy rates and are currently 86 percent physically occupied. Both locations are fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from a dense and growing surrounding population. The average population within five miles of the two facilities is 137,729 which represents a 38 percent increase from 2000 and is expected to continue to grow over the next five years. They both have great street frontage and high daily traffic counts ranging from 17,000-30,000 cars per day.

A Storage Place Two Property Portfolio is being offered for $19.2 million or $124.21 per rentable square foot.

Investment Highlights

  • Wilmington, North Carolina Two Property Self-Storage Portfolio
  • Combined 154,576 Net Rentable Square Feet | Combined 1,308 Total Units
  • Includes Climate Controlled Units and Non-Climate Controlled Units
  • 43 Outdoor Parking Spaces at Oleander Facility
  • Stabilized Facilities: 86.46 Percent Combined Physical Occupancy

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Self-Storage Facility

A Storage Place - Oleander

Listing Price: $4,200,000

Cap Rate
4.98%
Number of Units
328
Occupancy
79.9%
Gross SF
40,160
Rentable SF
40,160
Price/Rentable SF
$104.58
Year Built
1985

Investment Highlights

  • Wilmington, North Carolina Two Property Self-Storage Portfolio
  • Combined 154,576 Net Rentable Square Feet | Combined 1,308 Total Units
  • Includes Climate Controlled Units and Non-Climate Controlled Units
  • 43 Outdoor Parking Spaces at Oleander Facility
  • Stabilized Facilities: 86.46 Percent Combined Physical Occupancy

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale A Storage Place Two Property Portfolio located in Wilmington, North Carolina. The two facilities combined feature 242 climate controlled units and 1,066 non-climate controlled units totaling 154,576 net rentable square feet. They also offer 43 outdoor parking spaces for rent at the Oleander facility. The facilities have strong historical occupancy rates and are currently 86 percent physically occupied. Both locations are fully secured with fencing, keypad gated entry, on-site management offices, and 24-hour video surveillance.

The locations of these facilities both benefit from a dense and growing surrounding population. The average population within five miles of the two facilities is 137,729 which represents a 38 percent increase from 2000 and is expected to continue to grow over the next five years. They both have great street frontage and high daily traffic counts ranging from 17,000-30,000 cars per day.

A Storage Place Two Property Portfolio is being offered for $19.2 million or $124.21 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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