storage portfolio for sale...portfolio price 9.10% cap rate $3,250,000 site 3 site 2 $295,678 2764 s...
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STORAGE PORTFOLIO FOR SALEUpstate, South Carolina
James DennisAssociate864.237.3640 | [email protected]
Charles “Cole” MorrisSenior Associate864.641.4899 | [email protected]
Christopher HarrisonSenior Associate864.678.5949 | [email protected]
All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
314 S. Pine Street, Bldg. 100Spartanburg, SC 29302NAIEarleFurman.com864 398 4444
SITE 1
NOI
PortfolioPrice
CAP Rate9.10%
$3,250,000
SITE 3
SITE 2
$295,678
2764 S Old Hwy 14 | Greer, SC 29651
James DennisAssociate864.237.3640 | [email protected]
Charles “Cole” MorrisSenior Associate864.641.4899 | [email protected]
Christopher HarrisonSenior Associate864.678.5949 | [email protected]
All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
314 S. Pine Street, Bldg. 100Spartanburg, SC 29302NAIEarleFurman.com864 398 4444
STORAGE PORTFOLIO FOR SALEUpstate, South Carolina
171 Pendelton Dr | Spartanburg, SC 293011407 S Danzler Rd | Duncan, SC 29334
• 6.03 Acre site• 121 Spaces (47 enclosed)• 89% occupancy• Added 40 spaces in 2019• Room for expansion• Less than 1 mile from I-85
SITE 1 SITE 2 SITE 3
• 3.5 Acre site• 2 Acres leased to trucking company• Fenced with electronic gate• Located near I-85 Business
• 7.56 Acre site• 46 Spaces (28 covered)• Plenty of room for expansion• Fenced with electronic gate• Close proximity to Highway 101 and I-85
James DennisAssociate864.237.3640 | [email protected]
Charles “Cole” MorrisSenior Associate864.641.4899 | [email protected]
Christopher HarrisonSenior Associate864.678.5949 | [email protected]
All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
314 S. Pine Street, Bldg. 100Spartanburg, SC 29302NAIEarleFurman.com864 398 4444
Facility Number of Spaces Occupied Spaces Type Average Monthly Rent Annualized 2020 Gross RentOld Highway 14 (1) 121 107 Enclosed and Open 20,988.00$ 268,856.00$
Danzler Rd (2) 46 10 Covered and Open 1,545.00$ 18,540.00$ Pendelton Dr (3) 3.5 Acres 2 Acres Open 4,300.00$ 51,600.00$
Totals 26,833.00$ 338,996.00$
(1) Includes $17,000 of income from customers that paid for full year up front(2) Recently opened - currently in lease up. Projected income of $71,760(3) 2 acres leased to trucking company for $4,000/month
Office/Misc (Est) 4,350.00$ Taxes 21,488.00$ Common Utilities 7,500.00$ Insurance 4,980.00$ Repairs 5,000.00$ Maintenance (See Maintenance & Repairs) 16,850.00$ Total Expenses 43,318.00$ Total 16,850.00$
Gross Income $338,996Total Annual Expenses $43,318NOI $295,678Sale Price $3,250,000CAP Rate 9.10%
AS-IS OPERATING STATEMENT
Operating Expenses
Scheduled Income
Operating Expenses Maintenance & Repairs
Valuation
STORAGE PORTFOLIO FOR SALEUpstate, South Carolina