Business for Sale Overview:
Central/Eastern North Carolina Mini Storage on two acres with more acreage available. The Storage Center consists of 110 units of self-storage with an automated entry system. It was built in 1999 and enjoyed an occupancy level of 85% in earlier years. Several years ago the owner moved to another state and the occupancy has drifted down to 55-60%. The management company feels the property’s landscaping has not been kept up although the structure is in good condition. They also sight some additional competition and a lack of marketing as reasons for the declining occupancy.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The property is 17.25 acres of which 2 acres is fence for the storage. The seller is willing to sell the 2 acres, add more property for the storage or sell the entire 17.25 acres. According to the seller the tax value of the additional property is about $1000 per acre.
Market Competition and Expansion:
The market is good with an industrial park behind the facility and new investment in schools in the area. The city is expected to grow in that direction for the foreseeable future. North Carolina still enjoys an excellent long-term growth story. There is some competition but the business can be increased with attention to maintenance and some marketing.
Reason for Selling:
Seller has moved to another state .
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.