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Self-Storage Facility

Q2 Self Storage

4416 Castle Hayne Rd, Castle Hayne, NC 28429

Listing Price: Request For Offer

Number of Units
571
Occupancy
70.8%
Rentable SF
64,575
Year Built
1995

Investment Overview

Q2 Self Storage is a 2 property portfolio located on the south side of Castle Hayne, NC along Castle Hayne Rd & N College Rd. The facilities are less than 1.5 miles apart and feature a combined 65,000+ SF & 10+ Acres. Both locations sit on well-traveled roads that see over 9,000 vehicles per day. As recent as 2020, a brand new 25,000 SF expansion opened at the Castle Hayne Rd location and added 205 climate controlled units into the mix. Currently, this portfolio is sitting at 71% Economic occupancy due to the expansion. But, with a quick lease up, the pro forma NOI could reach $425,474. Q2 Self Storage is located 6 Miles north of Wilmington, NC - one of the fastest growing metros in the Southeast. Since 2010, this coastal city has seen over 18% population growth to now include 126,000 residents.

Investment Highlights

  • Only two competitors in a 3-mile radius
  • New building at Castle Hayne Rd location opened in 2020
  • 10,500 VPD on Castle Hayne Rd ; 9,700 VPD on N College Rd

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Listing Price: Request For Offer

Number of Units
571
Occupancy
70.8%
Rentable SF
64,575
Year Built
1995

Investment Highlights

  • Only two competitors in a 3-mile radius
  • New building at Castle Hayne Rd location opened in 2020
  • 10,500 VPD on Castle Hayne Rd ; 9,700 VPD on N College Rd

Investment Overview

Q2 Self Storage is a 2 property portfolio located on the south side of Castle Hayne, NC along Castle Hayne Rd & N College Rd. The facilities are less than 1.5 miles apart and feature a combined 65,000+ SF & 10+ Acres. Both locations sit on well-traveled roads that see over 9,000 vehicles per day. As recent as 2020, a brand new 25,000 SF expansion opened at the Castle Hayne Rd location and added 205 climate controlled units into the mix. Currently, this portfolio is sitting at 71% Economic occupancy due to the expansion. But, with a quick lease up, the pro forma NOI could reach $425,474. Q2 Self Storage is located 6 Miles north of Wilmington, NC - one of the fastest growing metros in the Southeast. Since 2010, this coastal city has seen over 18% population growth to now include 126,000 residents.

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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