B&B Self Storage | Waco, NC
Sands Investment Group is Pleased to Present Exclusively For Sale Industrial Self Storage Investment Located at 735 Old Stubbs Road in Waco, North Carolina. The Facility Was Completed in 1995 and Features 57 Drive-Up Units Totalling 10,240 Net Rentable Square Feet. This Self Storage Asset Sits on a 6.63 Acre Parcel That Offers Ample Expansion Room to Build More Storage Units and Increase Revenue. Additional Value-Add Opportunities Include Leasing Up the Existing Facility to Stabilization, Raising Rents to Match Market Rates, and the Implementation of Merchandise and Tenant Insurance Sales.
- Seller Financing Available
- Facility is Situated on a 6.63 Acre Parcel With Ample Room For Expansion
- Value-Add Self Storage Asset Located Between the Shelby and Cherryville Markets in North Carolina
- Opportunity to Increase Revenue Through the Implementation of Merchandise and Through Tenant Insurance Sales
- Limited Competition in the Immediate Trade Area
- Existing Upside Through Lease-Up and Stabilization
- Below Market Rents Can Be Raised to Increase Revenue
- Located Only 1.5-Miles Away From the Kings Mountain Reservoir
- Demographics Include a Population of 21,819 Residents Making an Average Household Income of $68,515 Within a 5-Mile Radius
- Charlotte is the 8th Fastest Growing City in the Country With a Projected Growth Rate of 2.84% From 2020-2025
In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 BoR: Amar Goli- Lic. # 310575
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