Feb
24

Columbia Self Storage Facility Sold

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space place columbiaSpace 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. The address is 110 Newland Rd.

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