1925 Eastchester Dr High Point, NC 27265-1404

This exceptional self-storage portfolio comprises two strategically located facilities in North Carolina's thriving Piedmont Triad region. The properties boast a combined 1,209 units and 127,926 net rentable square feet, situated on 11.3 acres of land. Both facilities feature ground-level drive-up access, climate-controlled units, ample parking, and convenient amenities such as online bill pay and monthly leases. The High Point location (1925 Eastchester Dr, High Point, NC 27265) offers significant upside potential, including the addition of RV/boat parking and potential for portable unit expansion. Its proximity to High Point University (2.7 miles) provides a strong, consistent demand base. The Mebane location (4550 Arrowhead Blvd, Mebane, NC 27302) benefits from its proximity to a soon-to-open Buc-ee's travel center, further enhancing its visibility and attracting customers. The portfolio enjoys a combined daily traffic count of 149,000 vehicles. As of March 11, 2024, the portfolio exhibited an impressive 82.9% occupancy rate. The surrounding areas demonstrate robust growth, with 6,067 future residential units planned within a 5-mile radius. Average household incomes within a 3-5 mile radius range from $91,227 to $90,479. The properties, built/renovated between 2020 and 2021, present a compelling investment opportunity with substantial potential for increased revenue through market-rate rent adjustments. The current street rate for a 10x10 climate-controlled unit on the first floor is $62, significantly below the local market average of $110.60 in Mebane-Arrowhead.