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Self Storage

270 Rabon Rd, Columbia, SC 29223, USA

$8,250,000

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

Gunnar Samuelson

Senior Investment Advisor

(224) 244-3643

(646) 492-5184

Contact Agent

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