North Raleigh Personal Storage | Raleigh, NC
Sands Investment Group is Pleased to Present Exclusively For Sale the 2.44 AC Industrial Storage Asset Located at 5508 Otters Run Ct in Raleigh, North Carolina. The Facility Was Built in 1983 and Features 188 Non-Climate Units Totalling 21,100 Net Rentable Square Feet, and 47 Outdoor Parking Spaces. With a Current Physical Occupancy of 60%, and an Economic Occupancy of 66.17%, This Property Presents Significant Upside Through Driving Occupancy. The Outdoor Parking Area Can Also Be Used For Future Expansion or Relocatable Units.
- Value-Add Self-Storage Facility Located Just North of Downtown Raleigh
- Significant Upside Available to the Next Buyer Through Increasing Occupancy, Implementing Tenant Insurance Income and Admin/Late Fees and Offering Boxes and Lock Sales On-Site
- Fully Secured Site With a 24 Hour Gate Access, Security Cameras and Facility Lighting
- Existing Parking Can Be Built Over or Used as a Space For Relocatable Units
- Site Can Be Remotely Managed or Part-Time Managed By an Owner-Operator That Already Has a Presence in the Market
- Apple Recently Announced That the Company’s First East Coast Headquarters Will be in Raleigh-Durham, Which Will be an Estimated $1 Billion Development and Will Create Thousands of Jobs
- There Are More Than 221,471 People Within a 5-Mile Radius of the Property
- The Raleigh-Durham-Cary Combined Statistical Area is Home to Over 2 Million People, Making it the 2nd Largest in the State of North Carolina
- Raleigh is the 2nd Fastest Growing Large Metro in the U.S. Behind Only Austin, TX
- Raleigh is the State Capital of North Carolina, and Home to UNC Chapel Hill and NC State University
In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362
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