Cleveland Storage
Garner, NC
Executive Summary
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for Cleveland Storage, which consists of 512 units distributed across 53,690 net rentable square feet of ground level drive-up and interior climate-controlled storage space including 8 existing parking spaces and an expansion of 17 additional parking spaces (property originally had 25 parking spaces, but was reduced by current management company).
In 2024, a new Interstate 40 interchange was completed at Cleveland Road, situated approximately three-quarters of a mile from the facility. This major infrastructure enhancement has significantly improved regional connectivity and accessibility to the site. Since its opening, traffic volumes in the surrounding corridor have risen sharply, driven by the improved ease of access provided by the interchange. Current vehicle-per-day (VPD) estimates indicate a substantial increase compared to historical traffic counts, underscoring the interchange’s role in accelerating growth and positioning the area for continued economic and logistical expansion.
Garner, North Carolina, is a rapidly growing community just minutes from downtown Raleigh, offering investors a prime location with strong economic fundamentals. The town’s economy is driven by advanced manufacturing, life sciences, technology, and logistics, supported by proximity to Research Triangle Park and major highways. Looking ahead, Garner is attracting transformative projects, including Gregory Poole Equipment Co.’s new $347 million headquarters campus, which will create over 500 jobs in the next five years. Combined with rapid population growth and ongoing mixed-use and residential developments, Garner is positioned as one of the fastest-growing municipalities in the nation, making it an exceptional choice for long-term investment.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $8.8 billion in consideration and over 53.8 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
