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Self-Storage Facility

Stor N Run

585 Sumter Hwy, Bishopville, SC 29010

Listing Price: $1,100,000

Cap Rate
6.97%
Number of Units
149
Occupancy
88.4%
Rentable SF
18,600
Price/Rentable SF
$59.14
Year Built
1999

Investment Overview

Stor N Run is a ~92% occupied self storage facility with 146 non-climate units & 3 Parking units totalling 18,600 net rentable square feet. Currently one of two facilities in the entire city of Bishopville, Stor N Run is primed for success. Listed for $1,100,000 , this opportunity could generate a Pro forma capitalization rate of 8.83% with strong rent bumps around 15% and an expansion of 3,000 SF.

Investment Highlights

  • Room for 3,000 SF Expansion
  • Only one competitor within 13 miles
  • Facility currently ~92% occupied
  • 5-Mile saturation 3.46 SF/Capita

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Listing Price: $1,100,000

Cap Rate
6.97%
Number of Units
149
Occupancy
88.4%
Rentable SF
18,600
Price/Rentable SF
$59.14
Year Built
1999

Investment Highlights

  • Room for 3,000 SF Expansion
  • Only one competitor within 13 miles
  • Facility currently ~92% occupied
  • 5-Mile saturation 3.46 SF/Capita

Investment Overview

Stor N Run is a ~92% occupied self storage facility with 146 non-climate units & 3 Parking units totalling 18,600 net rentable square feet. Currently one of two facilities in the entire city of Bishopville, Stor N Run is primed for success. Listed for $1,100,000 , this opportunity could generate a Pro forma capitalization rate of 8.83% with strong rent bumps around 15% and an expansion of 3,000 SF.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

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