What is the asking price for ModBox Storage?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of ModBox Storage?

The property has a total square footage of 39,875 SF.

When was this property built?

ModBox Storage was built in 1991.

How many parking spaces are available at ModBox Storage?

Parking information for the property isn't currently listed. However, other nearby parking options include Linwood Road Access, located 8.10 miles away , and GM parts loading zone, which is 9.35 miles away.

124 Patrick Rd, Gastonia, NC 28056

For Sale Contact Broker for Pricing
Property Type Other - Special Purpose
Property Size 39,875 SF
Units 270
Lot Size 4.88 Acre
Building Class C
Year Built 1991
Date Updated Sep 17, 2026

Description

Self-storage facility located on Patrick Rd in Gastonia, North Carolina, in Gaston County.Lee & Associates is pleased to present ModBox Self Storage, a value-add investment opportunity at 124 Patrick Road in Gastonia, North Carolina. Situated on 4.88 acres, the property offers 39,875 net rentable square feet and 270 total units across a diversified mix of climate-controlled storage, drive-up storage, covered boat and RV storage, paved parking, and commercial space. A fully occupied, 2,500-square-foot commercial unit contributes $31,200 in annual rental income. With 72.35% physical occupancy, ModBox offers investors existing income with meaningful upside through lease-up and rental-rate optimization. The surrounding market features a 2025 population of 70,097 within five miles and a median household income of $99,451 within three miles. Supported by projected population growth, this offering presents an attractive opportunity to build occupancy and strengthen operating performance across multiple revenue streams.

Highlights

Boat, RV, and parking income: 12 covered boat/RV spaces totaling 6,600 rentable square feet, complemented by six paved parking spaces.
Compelling local demographics: A 2025 median household income of $99,451 within three miles, a five-mile population of 70,097, and projected three-mile population growth of 3.53% from 2025 to 2030.
Diverse storage offerings: 136 climate-controlled units and 115 drive-up units provide a broad range of storage options.
Established Gastonia asset: 39,875 net rentable square feet and 270 total units situated on 4.88 acres in Gaston County.
Income-producing commercial component: Fully occupied, 2,500-square-foot commercial space generating $2,600 per month in rental income.
NOI growth potential: Historical trailing-12-month net operating income of $146,240, with Year 1 pro forma NOI of $229,046, subject to underwriting assumptions.
Value-add upside: 72.35% physical occupancy provides room for lease-up, with additional revenue potential through rental-rate optimization.