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270 Rabon Rd - Extra Space Storage 52,000 SF Specialty Building Offered at $8,250,000 in Columbia, SC 29223
INVESTMENT HIGHLIGHTS
- 414 Units + 2 Rentable Spaces
- $555,000 Annual Income
- Significant income potential - current rental rates are well below market averages
- 63,400 Sq Ft - 50,000+ Sq Ft available to expand
- $900,000 Gross Potential Income
- Strong demographic trends support expectations of growing demand in this region
EXECUTIVE SUMMARY
Jennifer Stein Real Estate, Inc in conjunction with the self storage team at MHP Brokerage is pleased to present for sale Extra Space - Columbia SC. This stabilized facility features 63,400 NRSF, 414 units, and 2 rentable spaces that are 95% occupied. Highlighted by a 68% economic occupancy relative to market competitor’s rates, this facility presents an attractive opportunity to capture large amounts of additional income by raising rates to market averages. This facility currently produces $555,000 in annual income and there is 55,000+ Sq Ft of space to expand more units to fit growing demand.
PROPERTY FACTS
| Price | $8,250,000 | Building Class | C |
| Price Per SF | $158.65 | Lot Size | 7.20 AC |
| Sale Type | Investment | Building Size | 52,000 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 1976 |
| Zoning | M-1 | ||
| Price | $8,250,000 |
| Price Per SF | $158.65 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 7.20 AC |
| Building Size | 52,000 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Zoning | M-1 |
AMENITIES
- Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 17116-01-16 | Improvements Assessment | $1,670,700 |
| Land Assessment | $282,300 | Total Assessment | $1,953,000 |
PROPERTY TAXES
Parcel Number
17116-01-16
Land Assessment
$282,300
Improvements Assessment
$1,670,700
Total Assessment
$1,953,000
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270 Rabon Rd - Extra Space Storage
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