Charlotte, NC Self-Storage Opportunity

This recently delivered urban infill Charlotte, NC facility consists of a total of 760 climate-controlled storage units, with a total of 75,439 NRSF. Constructed in 2019, this modern, state-of-the-art designed self-storage facility offers convenient parking located under the facility providing all seasons covered loading/unloading. Located at the intersection of the highly trafficked Johnston Road and Highway 51 (70K VPD), in densely populated Charlotte, NC.

Charlotte is the most populous and fastest growing city in North Carolina. In 2020, the U.S. Census Bureau found that the population was 874,579, making it the 16th-most populous city in the U.S. and the second largest in the Southeast. The city is the cultural, economic, and transportation center of the Charlotte metropolitan area, whose population ranks 23rd in the U.S., and had a population of 2,660,329, in 2020. It is the third-fastest-growing major city in the United States.

Among Charlotte’s many notable attractions, some of the most popular include the Carolina Panthers (NFL), the Charlotte Hornets (NBA), the Coca-Cola 600, the Wells Fargo Championship, the NASCAR Hall of Fame, the Charlotte Ballet, Children’s Theatre of Charlotte, Carowinds amusement park, and the U.S. National Whitewater Center.

The project is located across from the Carmel Commons, one of the largest shopping centers in South Charlotte. Additionally, the site is located near the I-485/ HWY 51 interchange and ideally located between the executive neighborhoods around the Quail Hollow, Carmel Country Club and Ballantyne. For these reasons, this facility allows an investor to acquire a new facility in a fast growing urban area of Charlotte.

INVESTMENT HIGHLIGHTS

• Dominant location across from the Carmel Commons shopping center with visibility from Johnston Rd.
• 97% Climate Controlled facility.
• Positioned in fast growing market with substantial multifamily developments.
• Occupancy was in high 90’s prior to recent expansion completed in Sept of 2021.
• Close proximity to the Ballantyne Village (chic shopping center) & world renowned Quail Hollow (distinguished golf course that frequently hosts tournaments such as the PGA Championships & 2022 Presidents Cup).