213-613-3223
3416 Nc-97 Hwy, Wendell, NC for Sale
Self-Storage Facilities - FOR SALE
1/8
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3416 Nc-97 Hwy
Wendell, NC 27591


HIGHLIGHTS

  • Impressive Occupancy: 93.3% Physically Occupied (October 17, 2024)
  • Huge management upside on raising street rents to market rates and implementing tenant insurance
  • Subject Property Street Rate on a 10X10 CC 1st Floor is $135 Versus Local Market AVG of $213
  • Rapidly Growing Market: 6,589 Future Residential Units in Development Pipeline (5-Mile Radius)
  • Strong Income Submarket: Average Household Income - $103,411 (5-Mile Radius)
  • Facility Expansion Available: Approximately 5,400 NRSF

OVERVIEW

View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/cornerstone-self-storage/ CBRE’s Self Storage Advisory Group proudly presents Cornerstone Self Storage, a traditional self storage facility located in the Raleigh, NC MSA. The property features 489 units distributed across 46,175 net rentable square feet of ground level drive storage and outdoor parking space. Valuable on-site amenities offered include month to month rentals, on-site security and online billpay. Cornerstone Self Storage is an attractive opportunity due to its strategic location, conveniently located near major highways. The property is situated in the thriving Research Triangle Park region, known for its robust economic activity and innovation. Wendell’s economy is experiencing significant growth, with a city population increase of over 58% since the last census, driven by its proximity to Raleigh and the availability of affordable land. The immediate area around Cornerstone Self Storage is witnessing rapid development. The Wendell Falls development, located nearby, is a prime example of the area’s growth. The Wendell Falls development is a significant mixed-use project that encompasses a substantial amount of retail and commercial space, making it a focal point for the area’s growth. The development includes Treelight Square, a 35,000-square-foot retail district featuring a variety of shopping, dining, and entertainment options. Additionally, the development plans to offer up to 2 million square feet of commercial space, which will include office buildings, medical facilities, and other essential services. This extensive commercial infrastructure is designed to support the growing residential community and attract further investment to the area. Listing Agent: Morgan Windbiel NC Lic. 334570

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornerstone Self Storage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.6 AC

LAND SF

374,616 SF

ZONING

-

APN/PARCEL ID

1774.02-88-5588-000

ASK ABOUT THIS PROPERTY

Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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Nicholas WalkerCBRE, Inc.More Info
213-613-3223

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