144 Bw Thomas Dr - Self-Storage Facilities FOR SALE


Fort Mill, SC 29708
$5,150,000 USD
239-293-3844
144 Bw Thomas Dr, Fort Mill, SC for Sale
$5,150,000 USD
Self-Storage Facilities - FOR SALE
1/6
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144 Bw Thomas Dr
Fort Mill, SC 29708


HIGHLIGHTS

  • 251 Units and 231 Outdoor Parking Spaces
  • Strong Physical Occupancy
  • Elite Demographics

OVERVIEW

- Value-Add Self Storage Facility Comprised of 54 Climate-Control Units Totaling 3,750 NRSF, 197 Non-Climate Units Totaling 28,815 NRSF, and 231 Outdoor Parking Rentals. - Strong Physical Occupancy and Low Economic Occupancy Bodes Well for the Immediate Implementation of Existing Customer Rent Increases. - Limited Competition in the Immediate Trade Area Evidenced by a Market Saturation Rate of 6.9 SF/Capita Within Five Miles of the Property. - Significant Upside Available Thanks to Below-Market Rents and the Opportunity to Construct Additional Storage Buildings in Place of Existing Outdoor Parking. - Opportunity to Increase Revenue Through Maximizing Fee Income and the Implementation of Tenant Insurance Sales. - Facility is an Excellent Candidate for Remote or Semi-Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place. - Elite Demographics Highlighted by a Growing Population of 124,092 Residents and an Average Household Income of $137,487 Within Five Miles of the Property. - Located Just 15 Miles South of Charlotte, NC, Fort Mill Runs Adjacent to the Highly-Trafficked Lake Wylie, Providing a Continuous Need for Boat Storage. - The Charlotte-Concord-Gastonia MSA is the Largest in the Carolinas and is Home to a Growing Population of 2,805,115 Residents.

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fort Mill Storage Opportunity (Storett)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

231

LAND DETAILS

LAND ACRES

6.7 AC

LAND SF

291,852 SF

ZONING

PD

APN/PARCEL ID

6460000070,6460000071

ASK ABOUT THIS PROPERTY

Frank DeSalvoFranklin StreetMore Info
239-293-3844

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Frank DeSalvoFranklin StreetMore Info
239-293-3844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.