Extra Space Storage consists of a four-story, 100% climate-controlled building, with two floors offering grade level access. Sitting on approximately .816 acres, this facility offers tenants 58,629 RSF of storage divided between 645 units. This asset opened in May 2017, experiencing a rapid stabilization to the current 81.7% physical occupancy.
This trophy asset benefits from its immediate proximity to some of the highest population in North Carolina. There are 101,474 individuals within 3 miles of this facility, with this population forecast to continue growing by 1.5% annually. Additionally, there are over 41,264 housing units within 3 miles, of which 27,027 are occupied by renters. Yardi calculates the 3-mile saturation as 4.60 sf per capita, which is well below market equilibrium.
Extra Space Storage offers its tenants superior amenities, including a spacious management office, covered loading area with controlled access, 2 freight elevators, 16 24-hour video surveillance cameras, ambient music throughout, intercom system, and perimeter security lighting.