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1439 W Webb Ave

9,100 SF Specialty Building Offered at $650,000 at a 8.62% Cap Rate in Burlington, NC 27217

Investment Highlights

  • This facility provides a prime investment in a well-maintained, high-demand storage facility that offers exceptional value and minimal ongoing costs.
  • Sitting minutes from Elon University and Downtown Burlington, this facility is ideally set up to serve both the university community & area residents.
  • Whether for personal or business use, units are in a variety of sizes and are designed for easy accessibility, enhancing the overall user experience.
  • The branding, website, and software setup for the facility have all been taken care of and are included in the sale, providing a turnkey operation.
  • Proximity to key landmarks ensures high visibility and accessibility, with more than 8,000 vehicles passing the location each day.
  • Located in a vibrant area with growing demand, the facility is well-placed to capitalize on the local market’s need for storage solutions.

Executive Summary

Welcome to our newly renovated storage facility, where convenience meets modern upgrades! Recently expanded with 20 additional units in June 2024, this facility is already 35% leased, demonstrating strong market demand. Built with durability in mind, the property features solid cinderblock walls, sturdy concrete floors, and a low-maintenance asphalt roof.

Enjoy the benefits of minimal upkeep with only an electrical bill and occasional grass maintenance as your monthly expenses. With no heating or air conditioning required, the facility remains efficient and cost-effective. All doors have been updated or repaired during the renovation, ensuring smooth and secure access. Plus, the parking area has been recently repaved and top-coated for a sleek and professional look.

Don’t miss this opportunity to invest in a well-maintained, high-demand storage facility that offers exceptional value and minimal ongoing costs. Contact the Roll Development team today to learn more!

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $650,000
Price Per SF $71
Sale Type Investment
Cap Rate 8.62%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 0.78 AC
Building Size 9,100 SF
No. Stories 1
Year Built/Renovated 1985/2024
Parking Ratio 0.33/1,000 SF

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 124740
  • 120225
Land Assessment
$163,811 (2024)
Improvements Assessment
$270,497 (2024)
Total Assessment
$434,308 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025

zoning

Zoning Code LI (https://www.burlingtonnc.gov/2048/Unified-Development-Ordinance)
LI (https://www.burlingtonnc.gov/2048/Unified-Development-Ordinance)
  • Listing ID: 32888343

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 1439 W Webb Ave, Burlington, NC 27217

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