Off Market Climate-Controlled Storage Facility

606 N Brown St

Chadbourn, North Carolina 28431

PRICE: $415000GSF: 3280
CAP RATE: 7.11%LOT SIZE: .3 AC
NOI: $30000UNITS: 43
PROPERTY TYPE: StorageYEAR BUILT:
OCCUPANCY: 94%STATUS: Available
DETAILS:

Climate-controlled storage facility for sale! Red Shark Storage in Chadbourn is a 5-star facility located in the heart of Chadbourn, NC. Chadbourn is just outside Whiteville, NC which is one hour West of Wilmington. This property is has Brown Street frontage with high traffic count and excellent exposure! The building sits adjacent to the Chadbourn police department offering high security.

With minimal competition in Chadbourn, this Red Shark location has a strong occupancy history and quick unit turnover. The adjacent ~5,000 SF space is vacant, gutted and owned by the city so the possibility of acquiring this may be a great expansion opportunity.

Red Shark can remain in place for management, or Buyer may self-manage to increase the NOI.