North & South Carolina Self-Storage Portfolio

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale properties located near Charlotte, NC—one of
the most densely populated cities in the South. The portfolio encompasses up to 92,846 square feet with 788 rentable units in high-visibility locations along major roadways. This presents a unique opportunity to acquire three (3) established self-storage projects in urban clusters throughout the Carolinas.

The first property is in Chester, SC, at 1840 J A Cochran Bypass. Easily accessible from Hwy 9, this established self-storage facility serves residents of Chester and the surrounding cities of Gayle Mill, Richburg, and Eureka Mill. Here, storage is streamlined with features like drive-up units. Personal belongings are protected by electronic gate access and around-the-clock video surveillance.

Less than an hour away, the 903 W Main St property offers convenient self-storage options for Forest City, NC residents. The largest municipality in Rutherford County, Forest City is home to Isothermal Community College. For students, residents, or even local businesses, this facility offers options for every storage need, including parking spaces for cars, boats, and RVs. What’s more, the well-lit property is safeguarded by electronic gate access and security  cameras.

Lastly, the 715 York Rd location serves suburban Charlotte, NC, metro residents. The property is in Kings Mountain, just off of Interstate 85. Built in 1978, the well-maintained structure caters to modern tenants with features like 24-hour access, drive-up storage, options for RV parking, and 24/7 surveillance.

In total, this portfolio offers the opportunity to acquire three facilities in Southeastern communities with steady self-storage demands, resulting in excellent  yields.

OFFERING HIGHLIGHTS

• Three established properties are located near Charlotte, NC, the most extensive metro area in the Carolinas.
• High-visibility locations with easy access and high traffic counts.
• The portfolio offers a total of 92,846 rentable SF and 788 rentable units.
• Properties are outfitted with features like drive-up storage and video surveillance.
• Physical occupancy is currently up to 87%, while economic occupancy is 71.94%.
• In total, the portfolio offers considerable upside in management, operations, and revenue enhancement.
• The cell tower and carwash at the Forest City location provide significant additional cashflow.
• Potential for expansion at the Forest City and Kings Mountain Locations.