Uptown Mini Storage is a self-storage property located in Shelby, NC. This is an opportunity to own a combined 1,338 units situated over 15.39 acres of land. The total property consists of 173,350 NRSF climate and non-climate units with 24,736 NRSF of parking built between 2002 and 2017.
- Less than 2.2 sq ft per capita of climate controlled units available in the 3-mile and 5-mile radius.
- Facility is 100% occupied on most unit sizes, below market rents with room to normalize rental rates for each unit size.
- Ancillary income generators such as late fees, admin fees, tenant insurance, and retail sales can be improved to boost monthly collections.
- Averaging 55 Move-Ins per month, immediate opportunity to normalize rental rate variance.
- Expansion potential of ~30,000 NRSF with additional parking pad and acreage.
- Operational efficiencies can be implemented to reduce overall expense load.