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A Self Storage Center 
4815 Silabert Avenue
 Charlotte, NC 28205
County: Mecklenburg
 
Dale C. Eisenman, CCIM
(843) 342-7650
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  For Sale Active  
Property Use Type:Investment
Type:Industrial
Self/Mini-Storage Facility
Building Size:53,298 SF
Lot Size:2.61 Acres
Occupancy:70.00%
Price:$2,395,000
Price/SF:$44.94
Date Last Verified:11/9/2008
Property ID:15803257
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 Attachments 
Flyer 145 KB
 
Agency Disclosure Form 1 MB
 Additional Information 

Property Description:
A Self Storage Center is comprised of a total of five buildings with a rental office. The five buildings consist of two main buildings that were former industrial warehouses converted for self storage and three climate and nonclimate standard metal self storage buildings, one of which opened in 2008. The newest building is approximately 4,700 RSF, all climate controlled. This is a unique facility in that the conversion of the warehouse facilities has allowed for many different sized units in comparison to the typical self storage facility. There is also significant upside to this property if professionally managed to dramatically improve occupancy and rental rates. Seller financing may be available to creditworthy buyers with an acceptable down payment.

Location Description:
The facility is located in Charlotte, NC, near Monroe Road and near Highway 74.

 Highlights 
•Climate and Nonclimate•New Climate Building 2008
 
•Unique Facility with Multiple Sized Units•Rental Office
 
•Close Proximity to Monroe Road and Highway 74  
  Financial Summary Actual  
Year:2007
Effective Gross Income:$255,071
Operating Expenses:$104,184
Net Operating Income:$150,887
 
  Major Tenant Information
Tenancy Type: Multiple
 
 
  Debt & Equity Information
No Debt & Equity Information Provided

7/15/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 
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