3335 Church St Burlington, NC 27215

This exceptional self-storage facility, located at 3335 S Church St in Burlington, NC, presents a compelling value-add investment opportunity. The property encompasses approximately 1.6 acres and features 99 units, including 97 standard drive-up units and two retail offices, along with 25 parking spaces. Built in 1993, 1940, and 1960, with various renovations throughout the years, the five single-story buildings boast a total of 14,758 square feet of net rentable space. Currently operating at 74.59% occupancy (as of July 24, 2024), the property generates a current NOI of $106,575, projecting a 6.09% cap rate. However, a pro-forma analysis indicates a significant potential for increased cash flow, with a projected NOI of $125,244 and a 7.16% cap rate. The property is situated in a high-traffic retail area, surrounded by residential neighborhoods, benefiting from approximately 21,933 vehicles passing daily. Its convenient access to I-40 and Burlington's robust growth trajectory, including a 4.7% population increase from 2020 to 2023 (US Census), make this a highly attractive investment. Alamance County's projected growth further strengthens the property's long-term prospects. The property is zoned GB - General Business (buyer to verify). The asking price is $1,750,000, representing a price per square foot of $118.58 and a price per unit of $17,676.77. This offering presents a rare chance to acquire a well-positioned self-storage facility with substantial upside potential in a thriving North Carolina market. The property features gated perimeter fencing and electronic keypad access for enhanced security.