INVESTMENT OVERVIEW
Meridian Storage Group is pleased to present Brunswick Storage, a self-storage facility situated on 12.54 acres in Ocean Isle Beach, North Carolina. Built in 2020, the property comprises 89 climate-controlled units totaling 12,050 NRSF, 14 Non Climate units and 162 uncovered vehicle/RV/boat parking spaces, for a total of 265 units.
The property is currently 68.4% physically occupied by unit count and 66.3% economically occupied, with in-place rents of approximately $14,892 per month compared with gross potential rent of approximately $22,478 per month. The facility offers a modern physical plant, climate-controlled storage, significant vehicle and recreational parking, gated access, and direct exposure along Ocean Highway with approximately 26,500 vehicles per day.
The surrounding five-mile trade area includes 21,297 residents, is projected to grow 2.7% annually, and has an average household income of approximately $110,344. Brunswick Storage also offers substantial expansion potential, with the approved 2020 site plan allowing for up to 1,169 total units and approximately 184,000 square feet, providing significant long-term development optionality beyond the existing facility.
INVESTMENT HIGHLIGHTS
Fastest-growing county in NC: Brunswick County is up 24% since the 2020 Census and ranked 6th fastest-growing county in the U.S. last year. The site fronts Ocean Highway West (US 17) with direct visibility, in the Wilmington MSA, the 7th fastest-growing metro in the country.
12.5 Acres, approved for 1,169 Units: Brunswick County approved a nine-phase site plan totaling 1,169 units and roughly 184,000 SF of gross building area. Eight phases remain unbuilt.
High-Visibility Ocean Highway Location: The property benefits from direct frontage along Ocean Highway with approximately 26,500 vehicles per day, providing strong visibility and convenient access within the Ocean Isle Beach market.
Modern Facility with Operational Upside: Completed in 2020, Brunswick Storage offers a modern physical plant with gated access and direct-access climate-controlled storage. Current occupancy of 68.4% provides additional room for lease-up, while 81 occupied units have gone more than 24 months without a rent increase, creating further opportunity through
active revenue management.
LEAD BROKER
Brady Mast | President
O: 727.214.2950 | M: 404.660.5170
Bmast@meridianstoragegroup.com
FL Broker Lic. BK3536463
FACILITY SUMMARY
| UNIT MIX | |
| Total NRSF | 14,250 NRSF |
| Total UNITS | 103 Units | 162 Parking |
| Avg Unit Size | 138 SF |
| Physical Occupancy | 68.4% SF | 67.2% Units |
| Economic Occupancy | 66.3% |
| LOCATION | |
| Address | 5841 Ocean Highway West, Ocean Isle Beach, NC 28469 |
| County | Brunswick County |
| Traffic Count (ADT) | 26,500 VPD |
| Land Size | 12.5 Acres |
| Parcel Number(s) | 2120002302 |
| PHYSICAL CHARACTERISTICS | |
| Year(s) Built | 2020 |
| Buildings | 1 Building |
| Stories | Single Story |
| Roof Type | Metal |
| Drive Aisles | Asphalt |
| On-Site Office | Yes |
| ACCESS & SECURITY | |
| Entries / Gate Access | 1 Electric Gated Access |
| Gate Type | Doorking |
| Fenced | Yes |
| Security Systems | 12TB 32 Channel Network Recorder 4 Turret Cameras |
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