Mar
06

Mount Pleasant Self Storage Facility Sold

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Charlotte-based Morningstar Properties recently purchased a 379-unit storage facility in Mount Pleasant.

This purchase marks Morningstar’s re-entry to the Charleston market. In 2013, Morningstar sold 43 storage centers to Public Storage, including its facilities in Charleston.

The 59,000-square-foot facility sits on nearly nine acres at 2988 N. Highway 17. Built in 2002, it is currently undergoing an expansion. Some existing parking spaces and drive-up units will be converted into a new, multistory building with an additional 30,000 square feet of space and 250 heated and cooled units.

The purchase price was not disclosed. As part of this acquisition, Morningstar also bought storage facilities in Hickory, Gastonia and Charlotte, N.C., and in Fort Mill.

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