• Broker Zachary Tryon 7707288407
  • Broker Austin McLeod 6785761780

Southmont & Denton Storage Portfolio 2 Properties Offered at $1,453,809 CAD in Multiple Locations

View Photo

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

PROPERTY FACTS

Price $1,453,809 CAD
Price / SF $110.21 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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LINKS

MAP

ADDITIONAL PHOTOS

View Photo HERO WM
View Photo MAP WM
View Photo 158 Avenue K

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