CUBESMART SELF STORAGE(MANAGED)

Austin McLeod with Matthews™ has been exclusively hired to market for sale a Class A, institutional-quality, all climate-controlled self-storage facility in Charlotte, North Carolina totaling ±83,085 net rentable square feet across 774 units. The asset was built in 2023 and is currently managed by "CubeSmart Self Storage."

The facility features an optimal design with two ground-level accessed floors, requiring only one floor of units to be accessed by an elevator, allowing premium rental rates to be charged across a majority of the unit mix. The asset is physically stabilized at 89% occupancy right now, and leaves significant room for a new owner to push in-place rental rates on the existing customer base through existing customer rate increases (ECRIs). The property also benefits from visibility on I-485, which sees over 112,000 vehicles per day, along with just 8.43 square feet of self-storage per capita within a 3-mile radius.

The facility is immediately surrounded by numerous residential neighborhoods, build-to-rent communities, townhome developments, and Class A apartments, with over 1,000 residential units having opened within one mile of the site in just the last two years. The surrounding trade area continues to demonstrate strong demographic trends as well, as the 3-mile population of 70,762 is projected to reach 75,980 by 2030, a 7.4% increase, supported by more than $6.9 billion currently showing in the residential development pipeline within 5 miles of the site. The trade area is also highly affluent, with an average household income of $119,989 and a median household income of $92,215 within 3 miles.

Charlotte's broader growth story reinforces the long-term demand we expect at this location. The Charlotte-Concord-Gastonia MSA has reached 2.9 million residents and ranked as the fifth-fastest-growing U.S. metro by numeric growth from July 2024 to July 2025, adding 54,122 people, or approximately 157 new residents per day. That growth is underpinned by the city's strongest business-recruitment year in a decade: 2025 delivered 15 project announcements and $424 million in capital investment, with an additional $1.4 billion and approximately 7,000 jobs currently in the pipeline.

This opportunity is being offered in a market bid format. The Call for Offers date is set for September 23rd, 2026. Please contact Austin McLeod directly to discuss pricing guidance and gain access to the deal room.

• Class A, institutional quality asset totaling 83,085 rentable square feet with 774 climate-controlled units
• Physically stabilized asset with significant room to push in-place rental rates on existing customers
• Visibility from I-485 which sees over 86,000 vehicles per day
• Optimal design with two ground-level floors, requiring only one floor of units to be accessed by the elevators
• 3-mile population of 70,762 that is projected to reach 75,980 (+7.4%) by 2030
• Over $6.9B currently showing in the residential development pipeline within 5-miles of the site
• Over 1,000 residential units have opened within 1-mile of the facility just within the last two years
• Favorable competition landscape in the market with 8.43 square feet per capita within a 3 mile (According to TractIQ)
• Very affluent trade area with average HH income of $119,989 and median HH income of $92,215 within a 3-mile radius
• Charlotte-Concord-Gastonia MSA reached 2.9M people, the 5th-fastest-growing U.S. metro by numeric growth (+54,122 people, July 2024–July 2025); approximately 157 people move to the region daily
• Significant numbers of residential neighborhoods, build-to-rent communities, townhomes, and Class A apartments in the immediate vicinity of the facility
• Charlotte’s best business-recruitment year in a decade (2025): 15 project announcements and $424M in capital investment, with $1.4B and approximately 7,000 jobs currently in the pipeline