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3315 US 1 Hwy
Vass, NC 28394

$1,095,000

Self Storage For Sale  •  30,900 Sq Ft

Property Details

  • Property Type Self Storage
  • Total Building Size 30,900 Sq Ft
  • Building Class B
  • Year Built 1987
  • Cap Rate 6.60 %
  • Zoning I
0 Transit Score
45 Walk Score

Description

Great Investment Opportunity!
The self storage units sit on 4.09+/- acres with 260 self-storage units varying in size from 5x10 to 10x20. Self storage is permissible use with a conditional use permit in the Industrial zoning.
Proforma per the appraisal is a 9.5% Cap rate. Current cap rate is 6.6%. The estimate of potential gross income indicate the units are being under leased and property has a incredible upside.
Buildings A through E were built from 1987 to 1991
Buildings F, H, I and J were built from 1996 to 1999

Highlights

9 Buildings
30,900 +/- Total SF
260 Storage units
4.09 +/- acres
Current Cap Rate 6.6% - Proforma per the appraisal 9.5 % Cap Rate

Property Flyers

Financial Summary

Cap Rate: 6.60 %

Public Transportation

AirportDriveWalkDistance
Fayetteville Regional-Grannis Field Airport 55 min - 36.3 mi
George Manley 910-684-5353 Bell Manley Real Estate LLC
George Manley 910-684-5353 Bell Manley Real Estate LLC