Cedar Storage Center Industrial

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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