0 UndisclosedDurham, NC 27704

For Sale
$3,800,000
High-yield mini storage, expansion potential.

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity in Durham, NC, presents a thriving self-storage facility currently generating strong income. This property encompasses 27,278 square feet and features 216 individual storage units, perfectly situated within a high-growth market. The facility sits on a substantial 8.58-acre lot, providing significant room for expansion. Currently zoned for industrial use, the existing 4.97 acres are fully utilized, while an additional 3.61 acres offer considerable potential for future development, allowing for a substantial increase in storage capacity. This could potentially double the current unit count, significantly boosting revenue streams. The property's prime location in Durham, NC, ensures easy access and high visibility, contributing to consistently high occupancy rates. This turnkey operation presents a rare chance to acquire a proven income-producing asset with substantial upside potential for long-term growth and profitability. The strong existing cash flow, combined with the significant expansion possibilities, makes this an attractive investment for both seasoned and emerging investors seeking a secure and high-return opportunity in a dynamic market. This is a truly exceptional opportunity to capitalize on the growing demand for self-storage in a thriving North Carolina city. The property is located in Durham, NC, zip code 27704.

Highlights

  • Asking Price: $3,800,000
  • Property Type: Self Storage Facility with 216 Units
  • Total Square Footage: 27,278 SF
  • Lot Size: 8.58 Acres (includes 3.61 acres for expansion)
  • Zoning: Industrial

Property Details for 0 Undisclosed

Property type
Self storage facilities
Square Feet
27,278 SF
Lot Size (sq. ft)
373,745 SF
Units
216

Location Insight

City
Durham
County
Durham
State
North Carolina
Latitude
36.0323222
Longitude
-78.8269385
Undisclosed, Durham, North Carolina

FAQs

What type of property is this?
Self storage facility - High-yield mini storage, expansion potential.
Where is the self storage facility located?
The property is located at Undisclosed Durham, NC.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Asking Price: $3,800,000; Property Type: Self Storage Facility with 216 Units; Total Square Footage: 27,278 SF
How can I contact the broker?
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