Cedar Storage Center | Asheville, NC
Sands Investment Group is Pleased to Present Exclusively For Sale Cedar Storage Center Industrial, a Boutique Self Storage Facility Located at 241 Old Weaverville Road in Asheville, North Carolina. The Facility Was Built in 2015 and Features 91 Climate-Controlled Units Totalling 10,764 Net Rentable Square Feet. This “Turn-Key” Self Storage Asset Has a Current Physical Occupancy of 99.1% and a Current Economic Occupancy of 90%, Providing Healthy and Immediate Cash Flow. Additional Upside Available Through Implementing Tenant Insurance, Implementing Late Fees & Admin Fees, Selling Boxes and Locks and Converting the Oversized Management Office to Additional CC Units.
- Value-Add Opportunity to Convert a Portion of Existing Leasing Office Into Additional Units
- Turn-Key Cash-Flow Asset With High In-Place Occupancy (99.1%)
- Facility Benefits From Very Strong Storage Rental Rates and the Facility’s Trade Area Offers Room to Push Rents, Especially on Larger Sizes
- Boutique Self Storage Property Located in the High-Growth Market of Asheville, NC
- Facility is 100% Climate Controlled
- Very Strong Average Household Income of $90,256 Within 3-Miles of the Property
- High Barrier to Entry Market Contributes to Limited Immediate Competition
- Located Just Off I-26 in Asheville Which Sees Over 61,935 VPD
- Close Proximity to Downtown Asheville and Many Affluent Neighborhoods
- Nearby Asheville Airport Expanding From Seven to Twelve Terminals
In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 BoR: Amar Goli- Lic. # 310575
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