5812 Caratoke Hwy
22,582 SF Specialty Building Offered at $1,575,000 at a 9.30% Cap Rate in Poplar Branch, NC 27965
INVESTMENT HIGHLIGHTS
- NC 158 Frontage
- Opportunity for expansion including climate controlled
- Stable tenancy and remote operation
EXECUTIVE SUMMARY
Excellent investment opportunity on NC-158, pathway to the Outer Banks. Well established self storage facility features office building with 3 suites, 5 storage buildings with 155 units and 29 parking spaces. High occupancy of existing units with opportunity to standardize rents, apply fees and upsell insurance. Concrete pad in place to facilitate expansion of up to 50% of existing footprint. No new zoning required for expansion. Facility is managed remotely using on-site kiosk, call center support, interactive web site. Available immediately, price is firm. Adjacent 1 acre improved lot also available. All due diligence documentation including cap rate assumptions, expansion pro formas, and planning department correspondence available in data room on approval so confirm value prior to offer. Please contact for additional details and data.
PROPERTY FACTS
| Price | $1,575,000 |
| Price Per SF | $69.75 |
| Sale Type | Investment |
| Cap Rate | 9.30% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 4.15 AC |
| Building Size | 22,582 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 1.28/1,000 SF |
AMENITIES
- Air Conditioning
1 of 1
PROPERTY TAXES
| Parcel Number | 0084-000-016H-0000 | Improvements Assessment | $493,900 |
| Land Assessment | $257,500 | Total Assessment | $751,400 |
ZONING
| Zoning Code | GB (Can share recent details and interpetation from Currituck Planning. Can add 10397 sq feet without rezoning or review.) |
CONTACT
-
David Flessas - Forsys Consulting
