Southmont & Denton Storage Portfolio 2 Properties Offered at $1,465,086 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- Land for expansion included at the Southmont location
- Well below market rents, with 27%+ room to increase achieved and street rates
- Attractive in-Place cap rate at 7.30%, and Year 4 Cap Rate of 9.07% (before expanding)
- Very limited competition with single digit square feet per capita in a 1, 3 & 5-mile radius of both sites
- Strong historical occupancy, with both sites currently 100% occupied
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. C38369 (NC)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $1,465,086 CAD |
| Price / SF | $111.07 CAD / SF |
| Cap Rate | 7.24% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,191 SF |
| Total Land Area | 1.47 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 200 W Salisbury St, Denton, NC 27239 | Specialty | 5,461 SF | 1992 | - |
| 158 Avenue K, Lexington, NC 27292 | Industrial | 7,730 SF | 1993 | - |
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