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Forest City & Kings Mountain, NC , Chester, SC

NC & SC Self Storage Portfolio
Market Bid

Key Information

Tot. SF
93,784
Lot Size
12.71 Acres
Units
720
Type
Self Storage
NOI
$360,869

Highlights

  • Immediate in-place yield at closing with significant upside given current occupancy
  • Substantial room to push rental rates upon stabilization
  • Chester, SC locations are the only storage facilities in the market. Zero competitors within a 5-mile radius
  • Capability to 3x current tenant insurance revenue being collected
  • Opportunity to acquire this at an attractive basis with returns well into the 9%+ range
  • Kings Mountain location only has 6.14 square feet per capita in a 5-mile radius plus 1.20% annual population growth projected in the coming years
  • 112 Columbia St location consists of a 10,514 square foot vacant building located in a historical district presenting opportunity to rent that space or convert to self-storage

Photos

Location

Agents

Broker of Record

Gerard Hamas, Kyle Matthews

License # 362768, C42113 (NC) - 105710, 22684 (SC)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203