Self Storage in Columbia, SC, Sold

Hilton Head Island, SC, February 24, 2016 --(PR.com)-- Space Place Storage, a 51,750 net rentable square foot self-storage facility located in Columbia, SC, was sold in February to an out of state investment firm. The buyer formed an LLC for the purpose of acquiring the facility.

Dale C. Eisenman, CCIM of Midcoast Properties, Inc. a leading self storage broker in the Southeast had the listing to market the property and was successful in securing a purchase price at a 6% capitalization rate. The facility enjoyed 84% occupancy and was managed by a professional third party management company.

The facility is situated on 3.65 +/- acres, and is comprised of 403 climate and traditional self storage units and an office. Amenities include RV, boat and car parking, fencing with computerized gate entrance, a rental office with moving supplies and good visibility.

Midcoast Properties, Inc. is a leading broker of commercial real estate in the Southeast focusing on the Self Storage industry. Brokerage services are available in North Carolina, South Carolina, Alabama and Georgia. The firm’s focus is to be a valuable resource to self storage owners, buyers, industry members and investors.

For additional information contact:
Dale C. Eisenman, CCIM
(843) 342-7650
(843) 342-7680 fax
dale@midcoastproperties.com
www.midcoastproperties.com