Asheville Mini Storage Industrial Storage Investment Asset North Carolina

Sands Investment Group is Pleased to Present Exclusively For Sale Industrial Storage Investment Asset Located at 990 Sand Hill Rd in Asheville, North Carolina. This Facility Features 318 Units (Mix of CC & NC) in 41,970 NRSF & 32,960 NRSF of Outdoor Parking. The Property Also Features ~9 Acres of Expansion Room, Which is Perfect For a Value-Add Investor Who is Interested in Building the Facility Up to Institutional Size. Additional Upsides Include: Driving Economic Occupancy, Raising Rents to Market, Implementing Tenant Insurance and Admin/Late Fees and Selling Merchandise. This is a Rare Opportunity to Purchase a Cash-Flowing Facility in the Asheville Market With Room to Expand.

• Immediate Opportunity to Raise Rents to Market
• Other Value-Add Opportunities Include: Implementing Tenant Insurance and Admin/Late Fees and Selling Merchandise
• Facility Recently Brought on a New Manager Who Has Been Able to Drive Economic Occupancy Up From 64% at the Beginning of the Year, to Over 81% Where it Currently Stands
• Facility Includes ~9.0 Acres of Expansion Room Which Can Be Used to Bring the Facility Up to Institutional Size
• Facility Also Features 3,970 NRSF of Indoor Non-Climate Units That Can Be Easily Converted in Climate-Control Units
• Stabilized Self-Storage Facility Located in Quickly Growing West Asheville
• 3-Mile SF/Capita For Climate Controlled Units is 4.8
• Outdoor Parking in the Rear of the Property Can Be Further Expanded For Vehicle Parking, Which is Very Undersupplied in the Asheville Market
• The Asheville MSA is the 5th Largest in the State of North Carolina and is Home to Over 466,000 People, Up 9.1% Over the Last 10 Years
• Asheville is Home to UNC Asheville, Sierra Nevada East Coast HQ and the Biltmore Estate, Which Sees Over 1 Million Tourists Annually
• The Nearby Asheville Airport is Expanding From Seven Terminals to Twelve
• West Asheville is Known For Being Hip and Trendy, Filled With a Plethora of Creative Shops, Restaurants and Cafes, and a Laid-Back, Creative Vibe

In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362  BoR: Amar Goli- Lic. # 310575

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