5020 Old Walkertown Road - Self Storage   |  5020 Old Walkertown Road   |   14,000 sf

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Tommy Adams at tommy@ltpcommercial.com

    —or—

    Jason Bush at jbush@ltpcommercial.com

    Existing 14,000 sf storage buildings on 4.2 acres (fenced and gated). The property is ideally located on Old Walkertown Road (11,000 VPD), and just 2 miles from the Northern Beltway Exit (currently under construction). There are 129 units in place…the previously approved site plan allowed for 11 additional buildings (33,000 sf or approximately 300-320 additional storage units). Occupancy is at 98%. Undermarket rents provide additional opportunity for increased income. Rent house that conveys with the property, generates $750/month. Truly a rare opportunity for large expansion in a growing market.

    Address:5020 Old Walkertown Road
    City:Winston-Salem
    Zip:27105
    Avail sf ± 14,000
    Price$850,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Avail sf ± 14,000
    # of Units129
    Lot Size4.2 Acres
    SprinkleredNo

    UTILITIES

    ElectricalNo
    WaterNo
    SewerNo
    AirNo
    HeatNo
    GasNo

    TAX INFORMATION

    County:Forsyth , NC

    PRICING & TERMS

    Price$850,000
    NOI$77,703
    Cap Rate9%
    CommentsExisting 14,000 sf storage buildings on 4.2 acres (fenced and gated). The property is ideally located on Old Walkertown Road (11,000 VPD), and just 2 miles from the Northern Beltway Exit (currently under construction). There are 129 units in placeā€¦the previously approved site plan allowed for 11 additional buildings (33,000 sf or approximately 300-320 additional storage units). Occupancy is at 98%. Undermarket rents provide additional opportunity for increased income.