UNDER LOI // Farley Drive Storage

Purchase Price: $1,150,000 Current Rates ~47% Below Market Rates $53,000/Year Gross Potential Revenue Upside Average Unit Size 88 SF/Unit 100,000+ Population Within 5 Mile Radius 8.16% Anticipated Population Growth by 2025 9,750 NLSF 110 Units 94% Physical Occupancy 90% Economic Occupancy 2016 Farley Drive, Wilmington North Carolina 28405