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Self-Storage Facility

CubeSmart (Managed)

2560 US-52, Moncks Corner, SC 29461

Listing Price: $14,750,000

Cap Rate
2.55%
Number of Units
547
Occupancy
93.2%
Gross SF
66,875
Rentable SF
66,875
Price/Rentable SF
$220.56
Year Built
2019

Investment Overview

Building layout consists of eight one-story buildings made up of 263 climate-controlled units and 247 non climate controlled units along with 37 additional outdoor parking spaces, totaling 547 units and 66,875 NRSF.

Investment Highlights

  • GROWING MARKET // Next investor has the opportunity to enter the fourth fastest growing market in South Carolina with no oncoming competition within four and a half miles.
  • STABILIZED ASSET WITH UPSIDE // Facility is 94 percent occupied on the 382 units available. 165 units coming back online in Q3 2022 will give next investor the opportunity to lease these up at market.
  • EXCELLENT LOCATION // Facility is in the growth corridor of Moncks Corner. Recent and ongoing developments include Foxbank Plantation, Eastwood Homes at Cypress Grove, and Lennar at Cypress Reserve.
  • EXCELLENT TRAFFIC // Facility sees over 23,200 cars per day on US-52 (as of December 2020). This figure is set to increase over time as the market matures. Commercial developments include Publix Supermarket, Waffle House, Domino's Pizza, Berkeley's Spirits, Parker's Kitchen and Convenience Store, Foxbank Veterinary Hospital, and a nail salon. The facility is positioned well in the market as it continues to grow both residentially and commercially.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Self-Storage Facility

CubeSmart (Managed)

Listing Price: $14,750,000

Cap Rate
2.55%
Number of Units
547
Occupancy
93.2%
Gross SF
66,875
Rentable SF
66,875
Price/Rentable SF
$220.56
Year Built
2019

Investment Highlights

  • GROWING MARKET // Next investor has the opportunity to enter the fourth fastest growing market in South Carolina with no oncoming competition within four and a half miles.
  • STABILIZED ASSET WITH UPSIDE // Facility is 94 percent occupied on the 382 units available. 165 units coming back online in Q3 2022 will give next investor the opportunity to lease these up at market.
  • EXCELLENT LOCATION // Facility is in the growth corridor of Moncks Corner. Recent and ongoing developments include Foxbank Plantation, Eastwood Homes at Cypress Grove, and Lennar at Cypress Reserve.
  • EXCELLENT TRAFFIC // Facility sees over 23,200 cars per day on US-52 (as of December 2020). This figure is set to increase over time as the market matures. Commercial developments include Publix Supermarket, Waffle House, Domino's Pizza, Berkeley's Spirits, Parker's Kitchen and Convenience Store, Foxbank Veterinary Hospital, and a nail salon. The facility is positioned well in the market as it continues to grow both residentially and commercially.

Investment Overview

Building layout consists of eight one-story buildings made up of 263 climate-controlled units and 247 non climate controlled units along with 37 additional outdoor parking spaces, totaling 547 units and 66,875 NRSF.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

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