Florida &
South carolina portfolio

Grandstone is pleased to present the opportunity to acquire four Self-Storage facilities within the states of South Carolina and Florida. The portfolio comprises a total of 1,220 units, encompassing 156,050 net rentable square feet, along with an additional 26,100 square feet of uncovered parking.

This portfolio stands out due to its strategic positioning in the flourishing markets of Greenville and Spartanburg, South Carolina, as well as Eustis, Florida. Notably, the three properties in South Carolina are conveniently located within a 35-mile radius, facilitating an efficient management strategy.

The facilities are fully Stabilized, and currently boast an impressive average Physical Occupancy of 90.73%, with an Economic Occupancy rate of 86.72%. Each facility has on-site management, manager living quarters, and are equipped with electronic gated access and video surveillance.
This investment opportunity presents significant upside by introducing and mandating tenant insurance, implementing retail sales, and establishing a streamlined website. Additionally, there is an opportunity to increase rental rates which are currently 20-40% below market level.