Self Storage Details

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

Property 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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