4603 Long Beach Rd SE - Beach Road Storage
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4603 Long Beach Rd SE - Beach Road Storage
13,396 SF Specialty Building Offered at $1,388,000 at a 7% Cap Rate in Southport, NC 28461
Investment Highlights
- Stabilized and Cash-Flowing Self Storage Facility Comprised of 13,162 of Non-Climate Drive- Up Storage and One 234 SF Office Space
- Opportunity to Increase Revenue by Leasing Out the Vacant Office Space or Converting it into Climate-Control Units
- Opportunity to Increase Revenue Through Maximizing Ancillary and Tenant Insurance Income Streams
- Facility is Managed Remotely with Keypad Access and Management Software Already In Place
- Booming Population Within Five Miles of the Property Evidenced by 7.2% Annual Growth Over the Last Four Years and Projected 6.4% Annual Growth Over th
- Very Strong Average Household Income of $102,956 Within Five Miles of the Property
Property Facts
| Price | $1,388,000 | Building Class | C |
| Price Per SF | $104 | Lot Size | 0.92 AC |
| Sale Type | Investment | Building Size | 13,396 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1984 |
| Property Subtype | Self-Storage | Parking Ratio | 0.6/1,000 SF |
| Price | $1,388,000 |
| Price Per SF | $104 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 13,396 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.6/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 221IC008 | Improvements Assessment | $239,070 |
| Land Assessment | $158,770 | Total Assessment | $397,840 |
PROPERTY TAXES
Parcel Number
221IC008
Land Assessment
$158,770
Improvements Assessment
$239,070
Total Assessment
$397,840
zoning
| Zoning Code | CO-CLD (Commercial Low Density) |
| CO-CLD (Commercial Low Density) |
Contacts
-
Frank DeSalvo -
Joseph Lombardo -
David Perlleshi -
Darron Kattan -
Xhulia Fiku - Franklin Street Real Estate Services
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4603 Long Beach Rd SE - Beach Road Storage
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