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Self-Storage Facility

ABSCO Storage Portfolio

2352 Hwy 9 E, Longs, SC 29568

Listing Price: Request For Offer

Number of Units
429
Occupancy
87.0%
Rentable SF
141,956
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present the ABSCO Storage Portfolio in Myrtle Beach, SC. Included in this porfolio is 3 locations that total over 141,000 SF of Industrial/Storage in a market that has seen growth upwards of 35% over the past 10 years. Also included is a recent expansion at the Highway 17 location of 12,575 SF of self storage that is planned to open in October 2021. Current NOI is sitting at $753,512 but with the Hwy 17expansion & better management, the NOI could increase to $957,152.

Investment Highlights

  • 429 Units / 141,956 SF of Storage Across 3 locations in Little River, SC
  • Traffic counts of over 15,000 Vehicles per day at each facility
  • Located in Horry County, which has seen upwards of 35% population growth in the last 10 years
  • 12,575 SF Expansion at Hwy 17 facility under construction, expected to open in October 2021

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Self-Storage Facility

ABSCO Storage Portfolio

Listing Price: Request For Offer

Number of Units
429
Occupancy
87.0%
Rentable SF
141,956
Year Built
1990

Investment Highlights

  • 429 Units / 141,956 SF of Storage Across 3 locations in Little River, SC
  • Traffic counts of over 15,000 Vehicles per day at each facility
  • Located in Horry County, which has seen upwards of 35% population growth in the last 10 years
  • 12,575 SF Expansion at Hwy 17 facility under construction, expected to open in October 2021

Investment Overview

Marcus & Millichap is pleased to present the ABSCO Storage Portfolio in Myrtle Beach, SC. Included in this porfolio is 3 locations that total over 141,000 SF of Industrial/Storage in a market that has seen growth upwards of 35% over the past 10 years. Also included is a recent expansion at the Highway 17 location of 12,575 SF of self storage that is planned to open in October 2021. Current NOI is sitting at $753,512 but with the Hwy 17expansion & better management, the NOI could increase to $957,152.

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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