For Sale
$1,940,000
5812 Caratoke HwyPoplar Branch, NC 27965
High-Demand Self Storage Facility, NC
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Expansion potential: Add approximately 10,000 square feet of net rentable space and additional parking.
- High barrier to entry: Currituck County zoning changes require new self-storage facilities to be at least 3 acres and zoned for heavy or light industrial use.
- 7% cap rate: In-place 7% cap rate at the asking price of $1,940,000, with expansion opportunities.
- High occupancy: Maintains 90%+ occupancy year-round.
- Ancillary income potential: Opportunity to increase revenue through tenant insurance and administrative fees.
- High visibility: New electronic sign on Caratoke Highway, with over 115,000 vehicles daily.
Property Details for 5812 Caratoke Hwy
- Property type
- Self storage facilities
- Year Built
- 1996
- Buildings
- 6
- Lot Size (sq. ft)
- 224,334 SF
- Units
- 189
Location Insight
- City
- Poplar Branch
- County
- Currituck
- State
- North Carolina
- Latitude
- 36.2754114
- Longitude
- -75.9126853
5812 Caratoke Hwy, Poplar Branch, North Carolina
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