2088 Allen Rd

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2088 Allen Rd

Greenville, NC 27834
Asking Price
$8.45M
Asset Type
Self-storage
Class
Class B

What's Special

Self Storage | Expansion Room | 57,754 NRSF <ul><li>​<span style="color: rgba(33, 37, 41, 1)">Cash-Flowing Self Storage Facility Comprised of 127 Climate-Control Units Totaling 14,700 NRSF, 398 Non-Climate Units Totaling 59,582 NRSF, 2 Commercial Spaces Totaling 1,292 NRSF and 26 Outdoor Parking Rentals.</span></li><li>​<strong style="color: rgba(33, 37, 41, 1)">Existing 10-Year Interest-Only Loan of $5,350,000 at a 6.48% Fixed Rate Must Be Assumed From Seller. Projected Annual Payment of ~$346,700 Through September of 2035. Full Loan Doc

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NOI
$80,000
Cap Rate
0.95%
DSCR
0.16
Underwater
Cash-on-Cash
-16.63%
Monthly Payment
$41,781.252
Annual Cash Flow
$-421,375.027

Location & Travel Times