John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me".
Carolina Pride Self Storage and Car Wash is a value-add investment opportunity located in Greensboro, NC, within the Greensboro - High Point Metropolitan Statistical Area, which has a population of 789,842. The property consists of an 8 bay car wash and a self storage facility. The storage offers a total of 15,110 rentable square feet across 164 units, with a unit occupancy of 63% and a square foot occupancy of 70%. The site spans 2.06 acres with 89,733 gross square feet of land. Originally built in 1997 and renovated in 2005, the property features five metal and brick buildings.
With a pricing guidance of $2,500,000 and a 6.32% cap rate on current income and expenses, this asset presents an opportunity for revenue growth through occupancy increases and rent adjustments. Positioned near Interstate 40 and major retailers, the facility benefits from a high traffic count of 24,000 vehicles per day and a 150K+ population within a 5- mile radius. Additionally, it sits across the street from Walmart and CVS, ensuring strong visibility and accessibility.
Key features include individually alarmed units, local management, gated access, and proximity to major retail and residential areas. Located in North Carolina, the third-fastest growing state in the nation, this property provides a strong upside potential for investors looking to capitalize on a well-positioned self-storage asset in a growing market.
Brandon Robinson
Calvary Realty
