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1239 Kenric Rd - 95 Storage and RV 11,250 SF Specialty Building Offered at $1,267,994 CAD at a 7.50% Cap Rate in Lumberton, NC 28360
Investment Highlights
- Strong lease-up performance with 91% physical occupancy
- Only one competing facility within a five-mile radius
- Located in the Fayetteville-Lumberton-Pinehurst CSA with 693K residents
- 5.03-acre site allows for future expansion opportunities
- Gated access, perimeter fencing, and surveillance in place
Executive Summary
- This cash-flowing self-storage facility in Lumberton, North Carolina features 95 non-climate-controlled units totaling 11,250 net rentable square feet, along with 33 outdoor parking rentals.
- Since early 2025, the property has demonstrated strong occupancy trends and a successful lease-up, underscoring its operational momentum.
- Situated on a spacious 5.03-acre parcel, the site offers ample room for future expansion, presenting a clear path for value-add potential.
- Revenue growth opportunities include stabilizing economic occupancy, implementing existing customer rent increases, and enhancing ancillary income through fee optimization and tenant insurance sales.
- The facility benefits from limited competition in the immediate trade area, with only one other storage provider within a five-mile radius.
- Located approximately 30 miles south of Fayetteville, Lumberton anchors the Fayetteville-Lumberton-Pinehurst Combined Statistical Area—the fourth largest in North Carolina and home to nearly 700,000 residents—making this asset well-positioned within a growing regional market.
- Since early 2025, the property has demonstrated strong occupancy trends and a successful lease-up, underscoring its operational momentum.
- Situated on a spacious 5.03-acre parcel, the site offers ample room for future expansion, presenting a clear path for value-add potential.
- Revenue growth opportunities include stabilizing economic occupancy, implementing existing customer rent increases, and enhancing ancillary income through fee optimization and tenant insurance sales.
- The facility benefits from limited competition in the immediate trade area, with only one other storage provider within a five-mile radius.
- Located approximately 30 miles south of Fayetteville, Lumberton anchors the Fayetteville-Lumberton-Pinehurst Combined Statistical Area—the fourth largest in North Carolina and home to nearly 700,000 residents—making this asset well-positioned within a growing regional market.
Property Facts
| Price | $1,267,994 CAD | Lot Size | 5.03 AC |
| Price Per SF | $112.71 CAD | Building Size | 11,250 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.50% | Year Built | 2006 |
| Property Type | Specialty | Parking Ratio | 2.93/1,000 SF |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | H1 - Industrial | ||
| Price | $1,267,994 CAD |
| Price Per SF | $112.71 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 5.03 AC |
| Building Size | 11,250 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 2.93/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | H1 - Industrial |
1 1
Property Taxes
| Parcel Number | 0204-01-00908 | Improvements Assessment | $215,858 CAD |
| Land Assessment | $145,506 CAD | Total Assessment | $361,364 CAD |
Property Taxes
Parcel Number
0204-01-00908
Land Assessment
$145,506 CAD
Improvements Assessment
$215,858 CAD
Total Assessment
$361,364 CAD
Contacts
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Josh Snead -
David Perlleshi -
Frank DeSalvo -
Justin Clark -
Darron Kattan -
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1239 Kenric Rd - 95 Storage and RV
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