186,140 SF | Extra Space Storage (Managed) Portfolio | Spartanburg SC MSA

Description

Colliers is pleased to offer the exclusive opportunity to acquire a best-in-class, institutional-quality trophy self-storage portfolio in the highly sought-after Greenville / Spartanburg MSA.  This portfolio features 3 Class A facilities located within a 10-mile radius of each other. These locations offer a total of 186,140 rentable square feet across 1,709 units. As of January 2025, the Portfolio boasted a blended physical occupancy of 94.7%, and approximately 10% of the occupied units have received ECRIs each month for the last year.

JOHN B WHITE FACILITY: Opened in March 2021, this three-story, 76,285 sq. ft., climate-controlled building has strong performance and expansion potential. Located on 4.98 acres, it features advanced security, ambient music, and a management office. It benefits from high
traffic visibility with 34,700 cars passing daily and serves a dense population of 93,301 within a 5-mile radius.

BOILING SPRINGS LOCATION: Opened in October 2019, this 59,565 sq. ft. property spans two single-story buildings with a covered parking structure and a 53-stall RV parking lot. Situated on 14.95 acres, it includes comprehensive security, ambient music, and a management office. It is located off Boiling Springs Rd, which sees 34,100 cars daily, serving a high-end demographic with an average household income of over $100,031 within a one-mile radius.

E MAIN STREET LOCATION: Opened in October 2018, this 50,290 sq. ft. property includes four single-story buildings and a sawtooth warehouse. It features a 121.1 kW solar power system, which greatly reduces utility costs. Located on 2.82 acres, it offers advanced security, ambient music, and a management office. It benefits from exposure to East Main Street, with 26,100 cars daily, serving a high-end demographic with an average household income of over $104,600 within a one-mile radius.