Store & Go Self Storage

Grandstone is pleased to present the opportunity to acquire Store & Go, a Four Property Portfolio located in the thriving coastal city of Beaufort, South Carolina. The newly built and renovated facilities are all located within 11 miles of each other and combine to feature a total of 175,197 net rentable square feet consisting of 1,801 total units. The proximity lends supplementary advantages such as enhanced operational efficiencies, market dominance, and strong brand visibility.

The portfolio has demonstrated strong lease-up performance and high demand achieving a combined physical occupancy rate of 61.69%. The portfolio also presents multiple upside opportunities with an approved expansion consisting of 114,300 square feet. The facilities offer premium amenities, including electronic gate access, video surveillance, 24 Hour Kiosk, and on-site management. The preference is to sell all four facilities together, but there is flexibility, and can be bifurcated. Additionally, seller financing is available for qualified buyers.

The portfolio benefits from its strategic location offering high visibility, easy access, and proximity to major demand generators. Beaufort exhibits robust demand, low supply, and strong performance metrics, with 1.2 million net rentable square feet of storage at a penetration rate of 5.9 net rentable square feet per capita, which is below the national average. Occupancy rates stand at an impressive 94%, surpassing the national average and consistent growth over the past five years.