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Self Storage Facility For Sale in Mooresville, NC

1220 River Highway
Mooresville, NC 28117

Price: $2,400,000
Number of Units: 270
Acres: 4.19 +/-
Square Footage:42,225
Gross Income: $261,194
Expenses: $79,492
Net Income: $181,701
Occupancy: 74.5%
Cap Rate: 7.6%

This facility offers 270 climate and non climate self storage units and boasts excellent visibility on River Highway (Hwy 150) with over 19,000 (2003) vehicles per day. Located in the growing and affluent area of Mooresville, NC near Lake Norman just north of Charlotte and 3 miles west of I-77, there are over 35,000 persons in a 5 mile radius expected to grow to approximately 44,000 by 2013. Households number over 17,000 and are expected to reach almost 21,000 by 2013. This property features security cameras, digital gate, perimeter fencing, lighting and onsite expansion opportunities. It has a large rental office well suited for the retail sales of moving and packaging supplies as well as onsite manager’s apartment. Opened in 1998 and expanded in 2003 the property consists of 3 buildings plus the rental office/apartment building with concrete drive aisles and entrance. Located on a busy retail corridor the property boasts prominent signage and is a U-Haul rental outlet. This property is well positioned for growth and expansion in an area with a median household income of over $75,000 expected to reach approximately $85,000 by 2013. PLEASE CONTACT BROKER TO ARRANGE FOR SITE VISIT. FULL MARKETING PACKAGE AVAILABLE UPON REQUEST.




Contact:
Dale Eisenman
Midcoast Properties, Inc.
Phone: (843) 342-7650




For More Information On This Property, Please Call The
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Last Updated: December 3, 2009

 

 

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