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Self-Storage Facility

Whiteville Mini Storage Portfolio

208 E Walter St, Whiteville, NC 28472

Listing Price: Request For Offer

Number of Units
874
Occupancy
99.0%
Rentable SF
112,808
Year Built
1985

Investment Overview

Whiteville Mini Storage is a six property portfolio offering located in Whiteville, NC. This portfolio consists of a combination of Climate - control and standard drive up units totaling 874 total units, and 112,808 NRSF. Five of the Six properties are located within two miles of each other, with the sixth located just over 10 miles away. The storage portfolio currently sits at 99% physical occupancy. A future investor would benefit from owning a significant market share (appx 70% of SF in 11 mile radius) and ability to raise rents, saturation of 5.2 SF/person, and an opportunity to expand at two of the six sites.

Investment Highlights

  • 99% Physical Occupancy
  • Significant Market Share - 70% of SF in 11 Mi. Radius
  • Low Saturation - 5.2 SF/Person
  • Last Significant Rent Increase was in January of 2020
  • Mix of Climate Controlled and Drive-Up Units
  • Expansion opportunity at 2 of 6 locations - Approx. 2 Total Acres

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Self-Storage Facility

Whiteville Mini Storage Portfolio

Listing Price: Request For Offer

Number of Units
874
Occupancy
99.0%
Rentable SF
112,808
Year Built
1985

Investment Highlights

  • 99% Physical Occupancy
  • Significant Market Share - 70% of SF in 11 Mi. Radius
  • Low Saturation - 5.2 SF/Person
  • Last Significant Rent Increase was in January of 2020
  • Mix of Climate Controlled and Drive-Up Units
  • Expansion opportunity at 2 of 6 locations - Approx. 2 Total Acres

Investment Overview

Whiteville Mini Storage is a six property portfolio offering located in Whiteville, NC. This portfolio consists of a combination of Climate - control and standard drive up units totaling 874 total units, and 112,808 NRSF. Five of the Six properties are located within two miles of each other, with the sixth located just over 10 miles away. The storage portfolio currently sits at 99% physical occupancy. A future investor would benefit from owning a significant market share (appx 70% of SF in 11 mile radius) and ability to raise rents, saturation of 5.2 SF/person, and an opportunity to expand at two of the six sites.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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