22 unit Self Storage facility with Expansion Opportun

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22 unit Self Storage facility with Expansion Opportun

Bessemer City, NC 28016
Asking Price
$499K
Asset Type
Industrial
Class
Class B

What's Special

Located in Bessemer City, North Carolina, this 22-unit self-storage facility is situated within a mixed-use industrial and residential corridor. The property sits near the intersection of Gastonia Highway and Edgewood Road, providing straightforward access to Interstate 85. The surrounding neighborhood features a blend of local manufacturing plants, distribution hubs, and single-family housing developments. Basic amenities and retail services are available within a two-mile radius, supporting the logistical needs of the immediate community. This industrial asset is designed for personal storage, light commercial warehousing, or small-vehicle housing. The facility is well-suited for a tenant profile consisting of local residents seeking surplus space and small business owners requiring secure inventory storage. Given the expansion opportunities on-site, the property can accommodate long-term scalability for trade contractors or independent distributors who need a central hub within the Charlotte metropolitan area's western perimeter.

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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643

Location & Travel Times