Project Description
UNDER AGREEMENT
The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for sale of two properties located in Burlington, North Carolina.
UNDER CONTRACT
Total Size – 151,735 NRSF
The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale two properties located in Burlington, North Carolina. The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of two properties located in Burlington, North Carolina.
Take advantage of a rare opportunity to invest in two established self-storage properties in a growing North Carolina city, just minutes from one of the Southeast’s most esteemed private universities. Both facilities were built in 1991 and deliver a mix of climate-controlled units, non-climate-controlled units, and parking units. Together, the facilities offer a combined total of 151,735 NRSF.
What’s more, each location is conveniently situated within the city of Burlington. The Harden St property is located near a townhome development with easy access to I-85/I-40. Similarly, the Mebane St location is surrounded by apartment complexes and located less than 10 minutes from Elon University. Burlington currently has a population of 53,063, making it the 17th largest city in North Carolina. Here, residents enjoy an affordable cost of living that tracks about 12% lower than the national average. For this reason, the city has seen consistent population growth over the past few years. Job growth has also been outpacing the national average; the city is bolstered by burgeoning industries, like bioscience, with LabCorp being a major employer.
For these reasons, this sale presents an exclusive opportunity for an investor to acquire two established businesses located in a solid Southeastern market where self-storage is in constant demand.
INVESTMENT HIGHLIGHTS
- Two constant cash flowing properties totaling 151,735 NSRF
- Established businesses located in a growing community close to major retail with a physical occupancy of 93%
- 27 parking units available at the Harden St property
- Climate-controlled units available at both locations
- Large facilities with limited quality competition in immediate area