Investment Overview

Marcus & Millichap is pleased to offer for sale KC Self-Storage & Chadwick Retail Center. Located on the outskirts of the thriving Beaufort, NC, this investment presents an enticing opportunity for investors keen on harnessing the full potential of a well-established storage facility alongside a recently remolded retail and office complex. The opportunity for revenue growth lies in the implementation of a formalized and professional management system, adjusting rental rates, and implementing an online platform for storage rentals. The property's appeal is further reinforced by a significant onsite automotive service and tire center, which underwent renovations in 2022. The retail center also contains an onsite ATM that consistently contributes to the monthly earnings. Collectively, the site encompasses six buildings that include over 26,700 +/- NRSF of mixed-use space for offices, retail, and services, in addition to 115 conventional drive-up storage units amounting to 18,000 +/- NRSF. Combined, the total rentable area equates to 44,700 +/- NRSF.. The real estate sits on a 5.11 acre parcel located at one of the area's most frequented crossroads which provides direct access to Harker's Island. Potential for further development is a distinct possibility, and the seller is open to discussions regarding the sale of an additional 1.03 +/- acre plot adjacent to the property. Carteret County has experienced an overall population uplift of 2.5% from April 1, 2020, to July 1, 2022, as per US Census data, with Beaufort, the county's administrative hub, enjoying the resultant influx of residents and enterprises attracted to its scenic coastal environment.