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TriLink Storage Portfolio 3 Specialty Properties Offered at $13,296,465 CAD in Lumberton, NC
Executive Summary
- Three-Property Storage Portfolio Comprised of 8,300 NRSF of Climate-Control Units, 133,705 NRSF of Non-Climate Units, 7 Covered Parking Spaces, and 18 Outdoor Parking Spaces
- Ample Expansion Room at All Three Locations and Opportunity to Convert the 50x100 Warehouse and the 62x92 Gymnasium Units at the Gavintown Road Location into Climate-Control Units or Fully Functioning Industrial Buildings
- Additional Upside Not Captured in the Pro Forma Cap Rate Includes Breaking Out Expansion Land at both the Gavintown and Linkhaw Locations Into Oudoor Industrial Storage or Contractor Yards and Replacing Furnaces and A/C Units at the Gavintown Location to Double the Amount of Climate-Control Units There
- All Three Locations Have Leasing Offices But Are Managed by One Employee Due to the Facilities Being Within Five Miles of Each Other
- Opportunity to Increase Revenue Through Lease Up, Stabilization, the Implementation of Existing Customer Rent Increases, and Maximizing Fee and Tenant Insurance Income Streams
- Since the 2020 Census, There Has Been 2.8% Annual Population Growth Within Three Miles of the Gavintown Road Location
- Portfolio Consists of Roughly 40% of the Net Rentable Square Feet of Self Storage Within Five Miles of the Gavintown Road Location
- Lumberton is Located in Southeastern North Carolina Approximately 30 Miles South of Fayetteville
- The Lumberton MSA is Part of the Larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area Which is the 4th Largest in North Carolina and is Home to 693,299 Residents
- Ample Expansion Room at All Three Locations and Opportunity to Convert the 50x100 Warehouse and the 62x92 Gymnasium Units at the Gavintown Road Location into Climate-Control Units or Fully Functioning Industrial Buildings
- Additional Upside Not Captured in the Pro Forma Cap Rate Includes Breaking Out Expansion Land at both the Gavintown and Linkhaw Locations Into Oudoor Industrial Storage or Contractor Yards and Replacing Furnaces and A/C Units at the Gavintown Location to Double the Amount of Climate-Control Units There
- All Three Locations Have Leasing Offices But Are Managed by One Employee Due to the Facilities Being Within Five Miles of Each Other
- Opportunity to Increase Revenue Through Lease Up, Stabilization, the Implementation of Existing Customer Rent Increases, and Maximizing Fee and Tenant Insurance Income Streams
- Since the 2020 Census, There Has Been 2.8% Annual Population Growth Within Three Miles of the Gavintown Road Location
- Portfolio Consists of Roughly 40% of the Net Rentable Square Feet of Self Storage Within Five Miles of the Gavintown Road Location
- Lumberton is Located in Southeastern North Carolina Approximately 30 Miles South of Fayetteville
- The Lumberton MSA is Part of the Larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area Which is the 4th Largest in North Carolina and is Home to 693,299 Residents
Property Facts
| Price | $13,296,465 CAD | Number of Properties | 3 |
| Price / SF | $93.50 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 142,205 SF |
| Status | Active | Total Land Area | 20.59 AC |
| Price | $13,296,465 CAD |
| Price / SF | $93.50 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 142,205 SF |
| Total Land Area | 20.59 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2171 Gavintown Rd, Lumberton, NC 28358 | Specialty | 59,343 SF | 1993 | - |
| 1402 Linkhaw Rd, Lumberton, NC 28358 | Specialty | 50,742 SF | 1993 | - |
| 1600 Starlite Dr, Lumberton, NC 28358 | Specialty | 32,120 SF | 1993 | - |
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