Self-Storage Facility
Covered Up Storage
1734 W Main St, Lexington, SC 29072
Listing Price: $5,495,000
Investment Overview
Marcus & Millichap is pleased to present Covered Up Storage, a high-performing, newly constructed self-storage asset located in the rapidly growing Lexington, South Carolina market. Built in 2020 and 2022, the facility consists of 80,604 rentable square feet across 248 units, featuring a diversified mix including drive-up units, covered parking, and office/flex suites. The property is currently 95.2% physically occupied, demonstrating strong demand and stable in-place income.
Covered Up Storage offers both immediate cash flow and a clear value-add pathway through rental rate optimization and a fully approved 25,000± SF expansion, allowing a future owner to meaningfully increase NOI and overall asset value.
Exclusively Listed By
Listing Price: $5,495,000
Investment Highlights
- Fully Approved to add additional ~ 25k SF
- High Growth & High income market - $124,000 Avg HH income
- 95% Physically occupied
- Rental Rates below market
- Excellent visibility from Main St - Over 24,000 VPD
- Newly built facility (2020 & 2022)
Investment Overview
Marcus & Millichap is pleased to present Covered Up Storage, a high-performing, newly constructed self-storage asset located in the rapidly growing Lexington, South Carolina market. Built in 2020 and 2022, the facility consists of 80,604 rentable square feet across 248 units, featuring a diversified mix including drive-up units, covered parking, and office/flex suites. The property is currently 95.2% physically occupied, demonstrating strong demand and stable in-place income. Covered Up Storage offers both immediate cash flow and a clear value-add pathway through rental rate optimization and a fully approved 25,000± SF expansion, allowing a future owner to meaningfully increase NOI and overall asset value.
Exclusively Listed By
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