Asset Storage – SOLD
Asset Storage , comprised of 202 self storage units and 142 outdoor parking spaces, currently enjoys a 98%+ occupancy. Located in a blossoming submarket of Wilmington, NC, the facility is spread over six +/- acres (additional 58 +/- Acres included in sale), and is poised for tremendous growth through two future expansions of 13,950 SF and 17,050 SF, respectively.
The Wilmington MSA, one of the top 10 MSA’s in North Carolina, has recognized explosive growth over the past seven years (17%+) and is on track to grow another 10%+ by 2022. According to a March 2015 article from the City of Wilmington, the Wilmington and New Hanover County population will grow by 56% by 2040. Fueled by an expansive port, a vibrant downtown, the most popular beach in NC, as well as a thriving college campus (UNC Wilmington), Wilmington has become a powerhouse name in the Carolina’s over the past decade.