Go Store It Greenville

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Go Store It Greenville (the “Property”), a state-of-the-art, recently converted Class A self storage facility in Greenville, NC. The Property, consisting of 53,699 square feet, has 410 total units and is 100% climate controlled. The facility was recently converted in October 2022 from a retail facility to be a self storage and is currently 95.1% physically occupied and 76.2% economically occupied. Located in the beautiful city of Greenville, North Carolina, the Property has seen great leasing velocity since opening in late 2022 and has additional revenue upside through pushing rate. The facility is currently achieving $1.22 in gross rents PSF with meaningful room to elevate rents on more tenured tenancy.

The Property benefits from a highly core location with strong surrounding demographics and a growing population of 58,500 within a 3-mile radius of the property. The Property sits within a densely populated area off South Memorial Drive with approximately 25,750 households in a 3-mile radius and an average household income of $85,900. This offering provides investors with an excellent opportunity to acquire a well-located self storage facility with strong in-place cash flows, great operating margins, and significant rental rate upside.