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Self-Storage Brothers Portfolio

$6,600,000 USD

Portfolio For Sale  •  123,900 SF

2 Properties View all

Property Details

  • Property Type Unknown
  • Cap Rate 5.93 %
0 Transit Score
43 Walk Score

Highlights

Value-add opportunity through lease up, given current portfolio occupancy at 58%
Attractive, day-one returns with significant upside remaining. 5.93% In-Place Cap Rate, 10.14% Year 4 Cap Rate
Combined traffic counts of 58,000 vehicles per day across the three sites
Below market in-place rents with room to push rents at stabilization
Expansion opportunity included in the sale
Very favorable basis, especially given the amount of climate controlled storage included in the sale
Cap Rate: 5.93 %

Public Transportation

AirportDriveWalkDistance
Pitt-Greenville 42 min - 29.4 mi
Albert J Ellis 66 min - 36.3 mi
Coastal Carolina Regional 54 min - 39.8 mi
Austin McLeod 678-576-1780 Matthews Real Estate Investment Services
Austin McLeod 678-576-1780 Matthews Real Estate Investment Services