Contact Business Broker

Show Form
  • This field is for validation purposes and should be left unchanged.
Business Listed by

Sunbelt Myrtle Beach

Contact: Ken Neathery
Phone: (843) 997-9863
Listing ID: MYRTLSC001-N309

Self Storage Facility

Financial Information

  • Asking Price: NEGOTIABLE
  • Gross Revenue: ON REQUEST
  • Cash Flow: ON REQUEST
  • FF&E : N/A
  • Inventory: N/A
  • Financing: Yes

Business Location

  • Confidential
  • North Carolina
Primary Business Category: Lessors of Miniwarehouses and Self-Storage Units

Greetings from the Sunny Carolina's! Sunbelt Business Brokers is pleased to offer for sale a Beautiful, New and well located Self Storage Facility located in a Brunswick County, North Carolina Beach town just over the state line from Myrtle Beach, South Carolina. It's conveniently located on Highway 17 in Ocean Isle Beach and sits on 7 acres with room for a small retail strip center up front. It is a newly developed property, with upscale construction and safety features. Phase 1 was opened in March of '08, and the property is currently running at around 30% occupancy with more units being rented each week. Plans for Phase 2-4 have already been approved and partially built out so there is plenty of expansion when the need occurs. Currently there are 300 units built in 48,406 sq. ft. and an additional 2 story office building with manager's quarters above. One could certainly be an absentee owner and just leave current manager in place or move your family to the beach and live where you work! The property sits on a 7 acre parcel, has excellent visibility and road frontage on heavily travelled Hwy. 17. It is located in Brunswick County, a beach community that is one of the fastest growing counties in North Carolina. The demographic report shows the area growing at around 5% annually, compared to 1.23% nationwide. This was of course before the slow down but building and other industries are starting to show signs of rebound around here. Because of it's upscale construction and appearance, customers often bypass the competition to rent at this facility. With the already built units ready to fill and all the approved expansion, this offering shows tremendous upside when one considers that this property can be bought for much less than the cost to build just 2 years ago. Our projections show a value of around 10 million once the facility is stabilized. There is a good blend of Climate controlled and non-climate controlled units built with Brick exterior and black wrought iron fencing and gate surrounding the entire project. State of the art 24 hour surveillance and operating U-Haul business. Operating Software is SiteLink( premier operating software and easy to learn). Purchase Price: 2,550,000.00 and is negotiable. Amount owed on the property is 2,400.000.00 so you know it's prices to move. Kindly contact Benjamin V. Ryan at 843-626-8585 (office) or 910-232-0973 (cell) for more information and to receive full investment package. We look forward to working with you on any of your Business Acquisition- Disposition needs in the Myrtle Beach, Hilton Head, Charleston and Savannah markets.

  • Home Based: No
  • Year Established: 2008
  • Franchise: No
  • Year Acquired: 2008
  • Distressed: No
  • Willing to Train: Yes
  • Relocatable: No
  • Reason For Sale: Partnership issues

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Fulltime Employees: 1
  • Part time Employees: N/A
  • Is Management Staying: Yes
  • Building Size: 86,505 sq ft
  • Parking: has
  • Monthly Rent: N/A
  • Lease Terms: neg.

Similar Business for Sale

Storage, Space Rental & Moving

North Carolina $285,000

This storage/space rental business in the Greensboro area is unique in that the company leases large spaces and then sub-divides and rents as managed/flex space. Customers range from individuals with space as small as 5x7 feet to financial institutions, small and medium sized businesses and even an ...

View Business