207-Unit Climate-Controlled Storage
For Sale
Contact for pricing
220 S Eastern Blvd, Fayetteville, NC 28301
Climate-controlled storage facility with established improvements dating to 1962.
Property Size40,938 SF
Price / SF$112.37
Days on Market53
Property Features for 220 S Eastern Blvd
General Information
Standard status
Active
Size
40,938 SF
Total Parking Spaces
40
Property subtype
Self Storage
Zoning
Yes
Occupancy
61%
Investment Type
Value Add
Net Operating Income
$144,993
Additional Details
Self-Storage Units
207
Building Details
Year Built
1962
Year Renovated
2021
Buildings
4
Stories
2
Units
207
Listing Agency:
Franklin Street Tampa
Listed By:
David Perlleshi · License #FL 333662
Source:
Crexi
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 14 at 7:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Franklin Street Tampa
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Investment Insights
Based on property information with market context.
This self-storage property contains 207 units within 40,938 NRSF of facility area. The climate-controlled configuration provides a defined storage product supported by a substantial unit count and dedicated improvements.
Constructed in 1962, the property is located at 220 S Eastern Blvd in Fayetteville, North Carolina. Its established building footprint and storage-specific layout distinguish the asset from general-purpose commercial space.
The property is offered as a self-storage facility and combines climate-controlled accommodations with an existing operating structure suitable for continued storage use.
Constructed in 1962, the property is located at 220 S Eastern Blvd in Fayetteville, North Carolina. Its established building footprint and storage-specific layout distinguish the asset from general-purpose commercial space.
The property is offered as a self-storage facility and combines climate-controlled accommodations with an existing operating structure suitable for continued storage use.
Key Highlights
- 207 storage units
- 40,938 NRSF of facility area
- Climate‑controlled storage configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,006
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,960,120
$7.0M
Cap Rate 7%
$4,971,514
$5.0M
Cap Rate 9%
$3,866,733
$3.9M
Market Conditions
NOI Build-Up for 40,938 SF
Gross rent
$540.4K $13.20/SF
− Vacancy
−$43.2K −$1.06/SF
EGI
$497.2K $12.14/SF
− OpEx
−$149.1K −$3.64/SF
NOI
$348.0K $8.50/SF
Area
Fayetteville, NC
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,960,120
Cap Rate 7%
$4,971,514
Cap Rate 9%
$3,866,733
Alternative Uses
Best Use
Warehouse
$6.67M
$5.84M – $7.78M
NOI $467,008 @ 7.0% cap · market cap 10.15%
Second Best
Self Storage
$4.97M
$4.35M – $5.80M
NOI $348,006 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$8.97M
$7.85M – $10.47M
NOI $628,022 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 28301, NC
17,670
Population
8,590
Households
2.1
Avg Household Size
35
Median Age
17%
College-Educated
88%
High-School Grad
12.4 sq mi
ZIP Area
1,425
Density / Sq Mi
$36,955
Median Household Income
$28,350
Median Earnings
$926
Median Rent
$109,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Climate-controlled storage facility with established improvements dating to 1962.
Where is this self storage facility located?
The property is located at 220 S Eastern Blvd Fayetteville, NC.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 207 storage units; 40,938 NRSF of facility area; Climate‑controlled storage configuration
