115 Augusta Dr dr - Self-Storage Facilities FOR SALE


Grandy, NC 27939
$542,000 USD
585-781-4195
115 Augusta Dr dr, Grandy, NC for Sale
$542,000 USD
Self-Storage Facilities - FOR SALE
1/1
null | 6.57% Cap Rate

115 Augusta Dr dr
Grandy, NC 27939


OVERVIEW

• Value-Add Storage Facility Comprised of 4,090 NRSF of Drive-Up, Non-Climate Units, 54 Outdoor Parking Spaces, and One 400 SF Retail Space • Facility Sits on a 2.39-Acre Lot With Ample Room for Future Expansion By Replacing Existing Parking Spaces • Retail Space is Currently Leased as a Salon at Below-Market Rent, Allowing for Financial Upside Through Renegotiation or Conversion to Additional Storage • Opportunity to Increase Revenue Through Lease Up, Stabilization, and Steady Increases to Street Rates • Strong Average Household Income of $77,721 Within Three Miles of the Property • Population Within Three Miles of the Property Has Grown by 5.5% Annually Since the 2020 Census and is Projected to Continue at the Same Rate Over the Next Five Years • Grandy is Part of Currituck County Which is Located in the Outer Banks of North Carolina and is Home to 31,593 Residents

FOR SALE DETAILS

PRICE

$542,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

6.57%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Browns Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.39 AC

LAND SF

104,108 SF

ZONING

GB

APN/PARCEL ID

094A-000-001A-0000

ASK ABOUT THIS PROPERTY

Joseph LombardoFranklin Street Real Estate ServicesMore Info
585-781-4195

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Joseph LombardoFranklin Street Real Estate ServicesMore Info
585-781-4195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.