Listing contacts

Kristen Asman  

SVN | Wilson Commercial Group, LLC

(614) 370-9077

Active

Asking price: $749,000
Added: 2021-03-12

Info

Address 605 US-29
City Anderson
State SC
Zip Code 29621
County Anderson
Total Lot Size 3.5 acres
Year Built 1997
Property type Self Storage

Details

Pro-Forma Cap Rate 7 %
Number of units 44
Number of floors 1
Room to expand yes
Rentable 5,936 SF

Demographics

Median household income (5-mile radius) 49,171
Renters occupied (5-mile radius) 42 %
Num of competitors (5-mile radius) 16
Sq.Ft. per capita (1-mile radius) 1.96
5x5 unit average price $42
5x10 unit average price $61
10x10 unit average price $109

Analytics

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Feasibility study Generate compass report

Highlights

  • S A L E P R I C E : $ 7 4 9 , 0 0 0
  • S F U P O N C O M P L E T I O N : 5 3 , 9 5 0 S F
  • L O T S I Z E : 3 . 5 A c r e s
  • E X I S I N T I N G S T O R A G E : 6 , 0 0 0 S F
  • W E B S I T E : w w w . B y p a s s S t o r a g e U n i t s . c o m
  • S T A B I L I Z E D N O I : $ 3 2 5 , 0 0 0
  • S T A B I L I Z E D V A L U E : $ 5 , 0 0 0 , 0 0 0
  • U N I T S U P O N C O M P L E T I O N: 3 4 0

Description

Opportunity Zone! SVN is pleased to offer for sale US-29 Bypass Storage located in Anderson, South Carolina. The property is a value-add opportunity with existing storage plus approved expansion plans to expand to just under 54,000 SF in an under-served and growing market. The property is fenced with an electronic gate and features 44 units plus an office and manager's apartment. Bypass Storage is located in the dynamic market o Anderson, SC. Anderson, SC is located at the halfway point between Atlanta and Charlotte on the booming I-85 corridor. Bypass Storage has high visibility and strong drive by traffic with frontage on both US-29 and Williamston Rd. Full site plans and a feasibility study are included in this package. The feasibility study shows that this site is a strong development location with limited competition. The SF per capita in the 3 mile radius is 4.2 SF per person.


Keywords
Self Storage For Sale Opportunity Zone Value Add South Carolina

Drive Time:
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