The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the Space Shop Portfolio. This presents a unique opportunity to acquire five (5) physically stabilized self-storage projects in densely populated Southern markets. The Portfolio encompasses up to 2,615 rentable units in high-visibility locations where self-storage is in near-constant demand and driving excellent yields.
The Cary self-storage facility serves the Raleigh, North Carolina metropolitan area. Identified as one of the fastest-growing cities in America, Raleigh’s consistent growth is largely bolstered by “The Triangle,” one of the country’s largest and most successful research parks. A convenient location coupled with flexible options provides the perfect storage solution for students as well as the constant influx of new “Triangle” tech professionals. The three South Carolina properties are optimally situated throughout the Charleston metropolitan area. Named the #1 U.S city for the seventh year in a row by readers of Travel + Leisure magazine, this stable Southern haven regularly draws new residents and industries. All facilities are located in easily accessible commercial areas near major employers, including the Naval Weapons Station (Joint Base Charleston).
Just a few miles away, The Goose Creek self-storage facility provides 444 rentable units, many of which are utilized by Charleston’s numerous Joint Base employees. Just completed in 2016, this modern, 56,142 square-foot facility is located less than 15 minutes from the Naval Weapons Station. For convenience and easy access, the property was purposefully developed in a densely commercial area, with a Starbucks outparcel in front of store, next to Pet Supplies Plus and Publix Super Market and across the street from Walmart and Bank of America.
The nearby North Charleston self-storage facility is located between Industry Drive and Landmark Drive, seven minutes from Wannamaker Park. Since 2007, this clean, modern facility has offered an effortless storage option for the surrounding apartment complexes and townhomes. 274 units in various size options encompass the 33,500 square-foot facility, ensuring the right-sized space for any renter.
Built-in 2002, The Summerville self-storage facility offers plenty of storage options just a short drive from North Charleston. The 67,825 square-foot structure houses rentable 598 units and, for added convenience, features extra-wide driveways and drive-up unit access.
Less than an hour from the city center, The Covington self-storage property offers a multitude of storage options for the Atlanta metro’s growing population. Built-in 1996, the facility is conveniently located just off Jackson Highway near the Covington Crossings Shopping Center. The prime location affords current and prospective tenants quick access from Interstate 20 and Highway 278 Northeast. Offering a total of 557 rentable units, the 66,922 square-foot structure includes climate-controlled storage options as well as ample parking spaces for RVs, boats, trailers, or extra vehicles.