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214 Trent St, Kernersville, NC, 27284

Affordable Storage Guys
$1,400,000

Key Information

Cap Rate
7%
Tot. SF
18,600
Lot Size
2.04 Acres
Units
178
Year Built
1990
Type
Self Storage
Occupancy
85%
NOI
$97,515

Highlights

  • 7.00% In-Place Cap Rate providing immediate day-one cash flow
  • Attractive pro-forma cap rates in Years 1 – 4, exceeding 9.30%
  • Dense surrounding population with 60,000+ residents within a 5-mile radius.
  • Significant nearby residential development pipeline with nearly $800M in value within 5 miles totaling over 2,000 housing units.
  • Over $100,000 in capital improvements put into the property over the past 24 months, including 55 new doors, a new security system, installed internet and removed trees.
  • Strategic Triad location approximately 6 miles from Piedmont Triad International Airport.
  • Per TractIQ, LifeCo-reporting facilities within 4 miles have consistently operated at 93%-99% physical occupancy since 2022.

Photos

Location

Agents

Broker of Record

Gerard Hamas

License # C38369 (NC)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203