2171 Gavintown Rd Lumberton, NC 28358

This portfolio consists of three storage facilities, offering a combined 8,300 net rentable square feet of climate-controlled units and 133,905 net rentable square feet of non-climate units. Additionally, the properties include 7 covered parking spaces and 18 outdoor parking spaces. All three locations have leasing offices and are managed by one employee. There is ample expansion room at all three locations, with the opportunity to convert large vacant units at the Gavintown Road location into additional climate-controlled units. The portfolio represents approximately 40% of the net rentable square feet of self-storage within five miles of the Gavintown Road location. The Lumberton area has experienced 2.8% annual population growth within three miles of the Gavintown Road location since the 2020 Census. Opportunities exist to increase revenue through lease-up, stabilization, implementation of existing customer rent increases, maximizing fee income, and tenant insurance income revenue streams. Lumberton is situated in southeastern North Carolina, approximately 30 miles south of Fayetteville. The Lumberton MSA is part of the larger Fayetteville-Lumberton-Pinehurst Combined Statistical Area, the 4th largest in North Carolina, with a population of 693,299 residents.