Linwood Self Storage — Sale in Gastonia, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Gastonia, NC 28052
  • Year built: 1997

Photos

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Investment Figures

Cap rate
5.36%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the investment opportunity located at 700 Linwood Road in Gastonia, North Carolina. The property features a self-storage facility containing approximately 12,000 net rentable square feet of drive-up storage units. The property is currently 96.75 percent physically occupied, providing investors with strong in-place cash flow and demonstrating the facility's established position within the local market. The facility is equipped with numerous features that improve tenant experience, including a fully fenced perimeter, gated entry system, on-site management office, paved drive aisles, security cameras, and modern management software. These operational improvements provide a turnkey opportunity for a new owner while supporting streamlined day-to-day management and tenant retention. In addition, the property includes approximately 1.5 acres of excess land, creating a valuable expansion opportunity for future ownership to increase rentable square footage and capitalize on growing storage demand. The investment is further enhanced by a seller financing option and a compelling value-add component, as current rental rates are reportedly more than 25 percent below prevailing market rates. Additionally, and there are currently no planned or under-construction self-storage facilities within a five-mile radius, limiting future competitive pressure and supporting long-term occupancy and pricing power. As a result, this self-storage facility offers investors a unique opportunity to acquire a stabilized asset with meaningful value-creation potential. Investment Highlights: • Approximately 12,000 Net Rentable Square Feet of Drive-Up Storage • Near Full Occupancy with Strong In-Place Cash Flow • Current Rental Rates More Than 25 Percent Below Market • Approximately 1.5 Acres Available for Future Expansion • Seller Financing Will Be Considered • 35 minutes outside of Charlotte, NC

Market Context

This commercial property in Gastonia, NC is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1997. Compare it against other commercial property listings for sale in Gastonia, NC — view the full market.

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