The Opportunity
Scale - American Storage South offers a new owner the opportunity to grow their existing portfolio or enter the Charlotte MSA market with a strategic existing portfolio that is positioned in the path of residential and job growth.
Demographics - The submarkets of Concord and Harrisburg are experiencing above average growth with strong wages. 2024 Population 108,608 (+4.07% change) 2026 Population 112,926 (+8.20% change)
Demand: The demand for storage space has remained unwavering, promising a steady rise in market demand that shows no signs of slowing down.
Technology - American Storage South has been utilizing KISS Solutions smart locks and remote virtual management for over two years. This has proven to be a successful model. keepitsimplestorage.com
Supply / Competition - No known developments within 3 miles.
Concord Housing Market - In December 2024, Concord home prices were up 3.7% compared to last year, selling for a median price of $402K.
Business Friendly State - North Carolina has consistently been ranked high as a business-friendly state with lower-than-average taxes which has proven true to attract new businesses and development.
Major Employers - Bank of American, Duke Energy, Wells Fargo, Atrium Health, Lowes Home Improvement, American Airlines, Amazon, Ally Financial, NASCAR, Electrolux, Nucor Corp, Lilly, Coca-Cola, Siemens Energy, and many more.
