Tuesday, March 8th, 2022 March8th2022

Sold Alert: Successful Storage Facility with Seller Financing

Published on March 8th, 2022

Sold Alerts provide commercial property owners with valuable, hard-to-get comparable sale information.



  • Priced at a 7.4% cap rate to ensure a timely sale.
  • Seller owned Freeman’s Mini Storage for 20 years.
  • Retirement was the motivation to sell.
  • Built in phases in 1995 and 2007.
  • 262 unit storage facility consistently maintains occupancy of 95% or more.
  • Unit sizes range from 5×5 to 10×15.
  • Upside potential with increasing rents to the level of its greatest competitor.
  • Fully fenced.
  • Four curb cuts.
  • Fully paved.
  • 24/7 access.
  • Digital monitoring records all movement.
  • Plentiful outdoor lighting.
  • On-site office.
  • Staffed by two part-time employees.
  • This successful storage business has been operating in this location for 27 years with the adjacent railroad holding a standard 100′ right of way easement for the property.
  • A perpetual, no cost ground lease for the right of way is in place and will transfer.
  • Seller will finance the transaction for a qualified buyer (25% down, 5% interest only, 5 year term).
  • Located just East of Asheville, NC in Swannanoa, NC.

Click here to view the property marketing website


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About Beau Beach, MBA CCIM

Beau is a battle-tested Commercial Real Estate Broker, entrepreneur and adoring father of four. His clients appreciate his no-nonsense demeanor and his legendary work ethic.

Beau leads Beachwood which is a nationwide commercial real estate brokerage for sellers…with emphasis in Nashville and the Southeast.

He’s earned the revered “CCIM” designation which is awarded to the top 6% of all commercial real estate brokers.

He’s the author of the books The 3 Reasons: Why Most Commercial Properties Don’t Sell and True Wealth: What Every Seller Should Know About 1031 Exchanges.

Beau can be reached at 800-721-3287, click to schedule a call or Beau@soldbybeachwood.com