Red Shark Storage in Goldsboro, NC is in a high-exposure location across from the McDonalds and Speedway just off of HWY 70. This property is fully-fenced and is equipped with an automatic sliding gate, LED Lighting, and solar camera system. This facility is currently about 75% occupied allowing for a considerable value-add opportunity with lease-up, rate increases, and expansion room. This facility is branded and managed by Red Shark Storage which is a third party management company.
Currently operating with an NOI of $56,000, and a projected NOI of $80,000. These numbers include a third-party management fee. If owner decides to self-manage, Current NOI to be around $60K, and projected around $86K.
The entire lot is fenced and the North side of the property is currently being used for exterior boat/RV parking. There is room to add another storage building for an additional ~3,000 SF.
