Grandstone Investment Sales is pleased to present the Newton & Lenoir Self-Storage Portfolio, a well-positioned three-property portfolio totaling 77,265 net rentable square feet across Newton and Lenoir, North Carolina. This portfolio consists of 607 units, offering a mix of climate-controlled and non-climate-controlled units, with an 82% economic occupancy rate—providing both stability and upside potential.
Strategically located in strong and growing markets, each facility benefits from favorable economic and demographic trends. The Newton Conover location is supported by an average household income of $81,000 within a five-mile radius, driving steady demand with room for expansion. Meanwhile, the Five Star Storage facility in Lenoir is positioned in a market experiencing significant investment and growth, bolstered by the presence of Google’s $1.2 billion data center.
INVESTMENT
HIGHLIGHTS
- 77,265 SF Combined Net Rentable Area
- 607 Combined Units
- Newton Conover: 162 NCC Units + 11 Parking with Expansion Opportunity
- North Star: 175 NCC Units + 29 Parking
- Five Star: 189 NCC Units + 41 CC Units
- Lenoir Locations are just a 5-minute drive apart
- 83% Physical Occupancy
- Expansion Potential at Newton Conover
Broker of record: BRIAN BROCKMAN | Bang Realty- North Carolina Inc | Tel: 513.898.1551 | Bor@Bangrealty.com | License #: 298998
