457 TOM MANN RD

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457 TOM MANN RD

NEWPORT, NC 28570
Asking Price
$1.60M
Asset Type
Self-storage
Class
Class B

What's Special

Well-Positioned Storage Asset with Acreage for Expansion in Rapidly Growing Coastal Market <ul><li>​114 Standard Drive-Up and Climate-Controlled Units Plus Parking</li><li>​Significant Upside on Rates and Occupancy</li><li>​Easy Access and Good Visibility from Highway 70 ( vehicles/day)</li><li>​New LED Exterior Lighting in 2025</li><li>​Perimeter Fencing Around Storage Facility with Security Cameras</li><li>​Online Rentals and Bill Pay</li><li>​Well-Maintained Facility and Grounds</li><li>​Potential To Expand on 6.48 +/- Acre Lot (Buyer to Verify)</li><li>​High Growth Area with Stron

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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,915.927
Annual Cash Flow
$-14,991.124

Location & Travel Times