1925 Eastchester Dr, High Point, NC 27265
2 Specialty Properties in Multiple Locations
For Sale
Active
- Property Type
-
Specialty
- Square Feet
- 158,425 SF
Listing Contacts
Nicholas Walker
Property Overview
View Offering Memorandum and Due Diligence: https://selfstorageadvisory.com/properties/modbox-storage-2-property-portfolio/
Offered in upper North Carolina, this portfolio presents a unique opportunity for an investor to acquire two self-storage facilities located in the Piedmont Triad Region. The ModBox Storage 2 Portfolio features a combined 1,209 units spread across a combined 127,926 net rentable square feet of self-storage situated on a combined 11.3 acres of land. The facilities offer ground level drive up units, interior climate controlled units and parking spaces, along with valuable amenities including monthly leases, and online bill pay. bill pay.
ModBox Storage - High Point has potential upside from adding more covered and uncovered RV and boat parking along with an unused parking lot and the option to add portable units outside of the north side of the building. The facility is located 2.7 miles from High Point University with a total enrollment of more than 6,000 students.
ModBox Storage - Arrowhead is just 2 exits away from what will be the first Buc-ee’s mega gas station travel center in North Carolina. The future local Buc-ee’s will be 70k SF, with construction already underway.
The Piedmont Triad is a 12 county region that is a hub for commerce with Piedmont Triad International Airport located in the center. Interstates 40, 77 and 85 run through the area along with Interstates 73 and 74 already completed in most areas and finishing construction in others.
The ModBox Storage 2 Portfolio offers a combined traffic count of 149,000 vehicles per day passing by the properties. The facilities offer stable occupancy, with a portfolio average occupancy of 78.8% as of March 11, 2024. The portfolio average 3-5 mile household income ranges from $91,227 to $90,479 with a combined 6,067 future residential units in the development pipeline within a 5-mile radius of both properties.
Morgan Windbiel/ CBRE, Inc.
NC Lic. 334570
Offered in upper North Carolina, this portfolio presents a unique opportunity for an investor to acquire two self-storage facilities located in the Piedmont Triad Region. The ModBox Storage 2 Portfolio features a combined 1,209 units spread across a combined 127,926 net rentable square feet of self-storage situated on a combined 11.3 acres of land. The facilities offer ground level drive up units, interior climate controlled units and parking spaces, along with valuable amenities including monthly leases, and online bill pay. bill pay.
ModBox Storage - High Point has potential upside from adding more covered and uncovered RV and boat parking along with an unused parking lot and the option to add portable units outside of the north side of the building. The facility is located 2.7 miles from High Point University with a total enrollment of more than 6,000 students.
ModBox Storage - Arrowhead is just 2 exits away from what will be the first Buc-ee’s mega gas station travel center in North Carolina. The future local Buc-ee’s will be 70k SF, with construction already underway.
The Piedmont Triad is a 12 county region that is a hub for commerce with Piedmont Triad International Airport located in the center. Interstates 40, 77 and 85 run through the area along with Interstates 73 and 74 already completed in most areas and finishing construction in others.
The ModBox Storage 2 Portfolio offers a combined traffic count of 149,000 vehicles per day passing by the properties. The facilities offer stable occupancy, with a portfolio average occupancy of 78.8% as of March 11, 2024. The portfolio average 3-5 mile household income ranges from $91,227 to $90,479 with a combined 6,067 future residential units in the development pipeline within a 5-mile radius of both properties.
Morgan Windbiel/ CBRE, Inc.
NC Lic. 334570
Highlights
- Impressive Occupancy: 82.9% Portfolio Average Physical Occupancy (April 24, 2024)
- Growing Residential Market: 6,067 Combined Future Residential Units in Development Pipeline (5-Mile Radius)
- Huge Management Upside on Raising Street Rents to Market Rates: Subject Property Street Rate on a 10X10 CC 1st Floor is $62
- Recently Built/Renovated Facilities: Subject Property Build/Renovation Years Ranging from 2020 to 2021
All available spaces
- Space
- Size
- 95,000 SF
- Space Subtype
- Specialty
- Space
- Size
- 63,425 SF
- Space Subtype
- Specialty
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].