Sep
29

Two Anderson Self Storage Facilities Sold

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two soldBeltline Self Storage in Anderson, S.C., was sold for $4.5 million, which included the assumption of an existing commercial mortgage-backed securities loan, according to a press release from Argus Self Storage Sales Network, the real estate firm that brokered the deal. The property at 205 E. West Parkway was originally converted to storage in 1986 from a former Lowe’s Home Improvement store and later expanded to include drive-up units. At the time of sale, the 4.6-acre facility comprised 362 units as well as 43 vehicle-parking spaces. The buyer plans to construct an 11,000-square-foot expansion, the release stated. The deal was brokered by Bruce Bahrmasel and Neal Gussis of Waveland Commercial Real Estate LLC, and Jamey Cox and Joey Godbold of SVN Percival Partners.

Stowaway Storage in Anderson, S.C., was sold to a regional buyer. The three-building property at 4350 SC-24 sits on 3 acres. Built in 1995, it comprises more than 43,000 rentable square feet of storage space in 222 storage units. Michael Morrison, associate broker with Midcoast Properties Inc., represented the seller.

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