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Self-Storage Facility

Shaw Parkway Storage

65 Shaw Dr, Sumter, SC 29154

Listing Price: $5,875,000

Cap Rate
5.00%
Number of Units
490
Occupancy
88.7%
Gross SF
83,550
Rentable SF
83,550
Price/Rentable SF
$70.32
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to offer for sale Shaw Parkway Storage located in Sumter, South Carolina. The facility features 79 climate-controlled units and 411 non-climate-controlled units totaling 83,550 net rentable square feet. They also offer 81 outdoor parking spaces for rent. They are a stabilized cash-flowing facility with a 96 percent current physical occupancy. The property is fully fenced with an on-site professional management office, 24-hour video surveillance, and upgraded LED lighting on the outside of each building.

The location of this facility benefits from a growing surrounding population, and is about 35 miles east of Columbia, South Carolina. The property is surrounded by restaurants, retail stores, schools, and neighborhoods. It is also less than two miles from Shaw Air Force Base. The facility also has easy access to and from Broad Street which sees about 20,000 cars per day. This offers the facility great street frontage and daily traffic counts of around 2,600 cars per day off Shaw Drive.

Shaw Parkway Storage is being offered for $5,875,000 or $70.32 per rentable square foot.

Investment Highlights

  • 83,550 Net Rentable Square Feet
  • 79 Climate-Controlled Units
  • 411 Non-Climate Controlled Units
  • 81 Outdoor Parking Spaces
  • Stabilized Facility: 96.15 Percent Physical Occupancy

Exclusively Listed By

Self-Storage Facility

Shaw Parkway Storage

Listing Price: $5,875,000

Cap Rate
5.00%
Number of Units
490
Occupancy
88.7%
Gross SF
83,550
Rentable SF
83,550
Price/Rentable SF
$70.32
Year Built
2003

Investment Highlights

  • 83,550 Net Rentable Square Feet
  • 79 Climate-Controlled Units
  • 411 Non-Climate Controlled Units
  • 81 Outdoor Parking Spaces
  • Stabilized Facility: 96.15 Percent Physical Occupancy

Investment Overview

Marcus & Millichap is pleased to offer for sale Shaw Parkway Storage located in Sumter, South Carolina. The facility features 79 climate-controlled units and 411 non-climate-controlled units totaling 83,550 net rentable square feet. They also offer 81 outdoor parking spaces for rent. They are a stabilized cash-flowing facility with a 96 percent current physical occupancy. The property is fully fenced with an on-site professional management office, 24-hour video surveillance, and upgraded LED lighting on the outside of each building.

The location of this facility benefits from a growing surrounding population, and is about 35 miles east of Columbia, South Carolina. The property is surrounded by restaurants, retail stores, schools, and neighborhoods. It is also less than two miles from Shaw Air Force Base. The facility also has easy access to and from Broad Street which sees about 20,000 cars per day. This offers the facility great street frontage and daily traffic counts of around 2,600 cars per day off Shaw Drive.

Shaw Parkway Storage is being offered for $5,875,000 or $70.32 per rentable square foot.

Exclusively Listed By

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