Portfolio of three self-storage locations for acquisition that consists of 174,528 SF in three self-storage locations in North Carolina. The portfolio of sites includes Outbox Self Storage located in Mooresville, NC, and Eagle Self-Storage locations in Flat Rock, NC, and East Flat Rock, NC. The total number of units in this offering is 1,472, which includes a mix of climate-controlled units, non-climate-controlled units, and parking spaces.
Each location is in a thriving market and is experiencing strong population growth. Fixed-rate debt of 5.10%. All 3 assets have 97%+ occupancy due to the limited supply. Self-storage has historically performed well even during economic recessions