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4108 Martin Luther King Blvd
New Bern, NC 28562

StorAway Super Storage · Specialty Property For Sale · 38,055 SF

Investment Highlights

  • Projected Levered IRR (5 Year)of 25%
  • Opportunity to Implement Tenant Insurance/Tenant Protection Plan
  • 3 Mile Average Household Income of $77,584
  • Cap Rate Year One: 8.41%
  • Very Strong Occupancy (98.1%)

PROPERTY FACTS

Property Type Specialty
Property Subtype Self-Storage
Building Class B
Lot Size 6.62 AC
Building Size 38,055 SF
No. Stories 1
Year Built 1979

About 4108 Martin Luther King Blvd , New Bern, NC 28562

StorAway Super Storage is a well-built facility located in New Bern, NC. This 54,927 net rentable square foot facility consists of 486 self-storage units ranging in size from 5’x5’ to 10’x30’. As of January 8, 2020 the property is 98.1 percent physically occupied. Sitting on 6.62 acres, this attractive self-storage facility consists of twelve single story buildings of metal construction equipped with metal roofs and roll up doors. StorAway Super Storage offers numerous amenities including 24-hour video surveillance cameras, drive up or climate controlled units, boxes and moving supplies available, deliveries accepted, wide drive aisles, RV and boat storage, short and long term rentals, carts and dollies for moving heavy items, low cost insurance and online payments vailable, and easy access location in a clean and well-lit facility. The property is strategically located on Dr. MLK Jr. Boulevard. With great visibility and signage, the property receives approximately 2,900 vehicles passing by the facility on a daily basis. The surrounding area has excellent demographics with a population of 40,707 within a 5-mile radius with an average household income of approximately $71,288.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8-211-031
Land Assessment
$0
Improvements Assessment
$2,877,000
Total Assessment
$2,877,000

zoning

Zoning Code NC3
NC3
  • Listing ID: 18263509

  • Date on Market: 1/22/2020

  • Last Updated:

  • Address: 4108 Martin Luther King Blvd, New Bern, NC 28562

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