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2508 Hendersonville Rd, Arden, NC 7090 Weddington Rd, Concord, NC 575 Mills Gap Rd, Fletcher, NC 5275 Samet Dr, High Point, NC
Save Green North Carolina Self-Storage Portfolio Opportunity
Asset ClassSelf Storage
# Sites4
# Units: 2,114Land: 19.09 AcresSquare Feet: 278,039Access Data Room
Asheville, Charlotte and Greensboro MSA
overview of deal

Overview

The Cushman & Wakefield Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale the Save Green Self Storage Portfolio in North Carolina.

 

This offering represents a rare opportunity to acquire a high-quality, four property portfolio of owner-managed self-storage properties spread out across North Carolina in the Asheville, Charlotte & Greensboro MSA’s. The Portfolio, which is 66% physically occupied with $14.82 T-12 in-place rents, is comprised of 278,039 RSF spread across 2,114 units. Three of the four properties were originally constructed in between 1997 and 2005 but expanded in 2018 and 2019. The fourth property is of newer vintage, multi-story climate, and delivered in 2019.

 

The subject properties are located within three of North Carolina’s most attractive and economically diverse metropolitan areas—Charlotte, Asheville, and Greensboro. Collectively, these markets benefit from above‑average household incomes, consistent population and employment growth, and broad economic foundations supported by finance, healthcare, higher education, advanced manufacturing, and tourism. Charlotte continues to emerge as a leading Sun Belt growth engine and major financial hub, while Asheville offers a highly desirable lifestyle market with strong in‑migration and durable demand drivers. Greensboro, as part of the Piedmont Triad, provides a stable and diversified employment base with long‑term growth supported by logistics, manufacturing, and institutional anchors. Together, these MSAs exhibit strong fundamentals, favorable demographic trends, and enduring appeal for long‑term real estate investment.

 

This portfolio provides investors with the opportunity to acquire scale and in‑place cash flow across multiple North Carolina MSAs at an attractive basis, with meaningful upside achievable through operational enhancement. While the assets are currently owner‑managed, they have strong in-place rents and recurring demand characteristics that support durable NOI. A transition to institutional management is expected to unlock value through optimized pricing, improved customer acquisition channels, centralized management, and operating efficiencies, positioning the portfolio for improved cash flow and enhanced exit optionality over the hold period.

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Investment Highlights

  • Rare North Carolina Portfolio Offering: Four property, owner managed self storage portfolio located across the Asheville, Charlotte, and Greensboro MSAs, offering immediate multi market scale.
  • Institutional Scale: 278,039 RSF across 2,114 units, providing meaningful size for operational efficiencies and enhanced exit optionality.
  • Strong In Place Rents with Occupancy Upside: 66% physical occupancy with $14.82 T 12 in place rents, positioning NOI growth to be driven primarily by occupancy expansion rather than rate risk.
  • Clear Operational Upside: Owner managed platform presents opportunity for a professional operator to enhance performance through improved demand capture, centralized management, and operating efficiencies.
  • Attractive Asset Quality and Vintage: Three properties originally built between 1997–2005 with expansions in 2018–2019, plus one newer vintage, multi story climate controlled facility delivered in 2019.
  • Strong Market Fundamentals: Located in economically diverse North Carolina MSAs supported by population growth, strong incomes, and broad employment bases.
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2508 Hendersonville RdArden, NC 28704

Cushman and Wakefield Self-Storage Advisory Group

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Listing provided by Revere CRE