Elgin, Lugoff & West Columbia, SC
$3,700,000
Opportunity to acquire a 3-property self-storage portfolio totaling approximately 46,900 NRSF, complemented by a 3.97± acre development site with approvals in place for 60,000 SF of additional self-storage. The portfolio is located in Kershaw and Lexington Counties, South Carolina, mostly along the US Highway 1 corridor, a major regional thoroughfare with strong traffic counts, excellent visibility, and convenient access.
The operating portfolio consists of three stabilized, long-standing self-storage facilities that have served their respective markets for many years. Despite stabilization, the properties exhibit meaningful value-add potential through occupancy growth and rental rate optimization. Current occupancies range from the low-70% to low-80% level, providing NOI growth opportunities through professional management, marketing, and revenue management strategies. All three facilities are operating at below-market rental rates, further supporting upside through systematic rent increases.
A key differentiator of the offering is the included development parcel, which is site plan approved for two 30,000-SF self-storage buildings. This allows a purchaser to significantly scale operations along an established storage corridor without entitlement risk, creating long-term value through expansion.
