Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility

Self Storage Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 247
  • Listing ID: 300228
  • Posted On: Oct 9, 2012
  • Updated On: Dec 1, 2016

Description

BANK OWNED - JUST REDUCED FROM $999K. 17.82% Proforma Cap Rate based on 85% occupancy. 2 properties within 10 minute drive. 10 minute drive time covers 80% of market area. Hickory is within 1 hour of either Charlotte or Greensboro. Hickory-Lenoir MSA has become the mecca for data server facilities in the US - Apple has opened the largest server farm in the us in nearby Maiden, Google has $1B facility in Lenoir & Facebook is developing nearby facility with over $1B in total investment. Properties can also be purchased separately.

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