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2016 W Garner Rd
Garner, NC 27529 Garner/Fuquay Varina

$2,300,000 USD

Self Storage For Sale  •  29,920 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 29,920 SF
  • Lot Size 2.35 AC
  • Building Class B
  • Year Built 1971
  • Cap Rate 8.63 %
  • Zoning LI
0 Transit Score
23 Walk Score

Description

Garner Mini-Storage is comprised of 273 units totaling 27,664 SF. Occupancy is 87%. The 42 “vacant” units all either need repairs or are owner occupied. Each of the units is a detached, free-standing structure with a hinged door. Unit sizes are 8x10, 8x12, 8x16, 8x20, and 8x24. The offering also includes a 2,256 SF, four-bay auto repair shop leased to North Auto Repair.

The facility is currently self-managed. The facility is marketed via exterior signage and word of mouth. Tenants pay rent via cash, check, money orders, and credit cards. Credit card payments are facilitated using Payanywhere. All leases are month to month and include a security deposit, late fees, and other administrative fees. The Lease template can be shared with a signed confidentiality agreement. A typical unit turn involves metal caulking (if any holes exist) and cleaning.

Highlights

Immediate Cash Flow with Upside
Value-Add Opportunity
Additional Income from Auto Repair Shop
Strong Demand Drivers
Expansion Possibilities

Property Flyers

Financial Summary (Actual)

Net Operating Income: $198,479 USD (2025)
Cap Rate: 8.63 %
Total Expenses: $42,349 USD

Major Tenants

Tenant SF Occupied Lease End Date
Garner Mini Storage

Amenities

  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Raleigh Union Station (Piedmont - North Carolina by Train (NC Train)) 9 min - 4.6 mi
AirportDriveWalkDistance
Raleigh-Durham International 27 min - 18.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Brandt Berry 919-439-5149 Cushman & Wakefield
Brandt Berry 919-439-5149 Cushman & Wakefield