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Active
Self Storage
270 Rabon Rd, Columbia, SC 29223, USA
Unpriced
Extra Space
Property Description
Jennifer Stein Real Estate, Inc in conjunction with the self storage team at MHP Brokerage is pleased to present for sale Extra Space - Columbia SC. This stabilized facility features 63,400 NRSF, 414 units, and 2 rentable spaces that are 95% occupied. Highlighted by a 68% economic occupancy relative to market competitor’s rates, this facility presents an attractive opportunity to capture large amounts of additional income by raising rates to market averages. This facility currently produces $555,000 in annual income and there is 55,000+ Sq Ft of space to expand more units to fit growing demand.
Investment Highlights
414 Units + 2 Rentable Spaces
63,400 Sq Ft - 50,000+ Sq Ft available to expand
$555,000 Annual Income
$900,000 Gross Potential Income
Significant income potential - current rental rates are well below market averages
Strong demographic trends support expectations of growing demand in this region
Listed By
Gunnar Samuelson
Senior Investment Advisor, Self Storage
(224) 244-3643
(646) 492-5184
