Premier Self Storage | Salisbury, NC
Sands Investment Group is Pleased to Present Exclusively For Sale Industrial Self Storage Property Located at 125 Grace Church Road in Salisbury, North Carolina. The Facility Was Built in 2010 and Features 199 Units Totaling 33,300 Net Rentable Square Feet, 21 Outdoor Parking Spaces, and 3.40 Acres of Expansion Room. This Facility Has Demonstrated a Long History of Stabilization With Existing Rates Well-Below Market. Additional Value-Add Opportunities Include Selling Merchandise, Implementing Tenant Insurance and Charging Late and Admin Fees.
- Current Rents Are Well Below Market and Offer Immediate Upside Through Bringing Rents Up to Market
- Opportunity to Further Increase Revenue Through Implementation of Merchandise & Tenant Insurance Sales
- 3.40 Acres of Expansion Room That Can Be Used to Build the Facility to Institutional Size
- Stabilized Mom-and-Pop Managed Self-Storage Facility in Growing Submarket of Charlotte MSA
- Asset Strategically Located at the Intersection of Grace Church Road and S Main Street Which Sees Over 11,000 VPD
- Facility is Currently 98% Physically Occupied
- Current 5-Mile SF/Capita is 1.7 For Climate Control Units and 4.4 For Non-Climate Units, Well Below the National Average
- Conveniently Located Just Off I-85, Salisbury is Just a 40-Minute Drive to Downtown Charlotte and a 40-Minute Drive to Winston-Salem
- Rowan County is the 7th Largest County is the Charlotte MSA and Has Experienced a 6% Increase in Population Since 2010
- 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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