Innovation | Interstate Portfolio
Self Storage | 609 Units | 76 Parking | 1 Warehouse
Marketing description
Innovation | Interstate is a two-property, Class B self-storage portfolio located in the heart of the Greenville MSA, one of the fastest-growing markets in the Southeast. The portfolio comprises approximately 79,506 net rentable square feet across 609 storage units and one retail suite, as well as 76 parking spaces, all situated on 10.33 acres with direct access to major transportation corridors, including I-385.
Currently operating at 73% physical occupancy and 67% economic occupancy within the storage units, along with 80% physical occupancy and 61% economic occupancy in the parking units, the portfolio offers meaningful value-add potential through lease-up and revenue optimization. The properties also include an on-site retail suite leased to an established tenant, providing stable in place income and added revenue diversification across the portfolio. The properties are owner operator managed, creating immediate upside through professional revenue management, rate optimization, improved marketing, and operational efficiencies. The spread between physical and economic occupancy highlights additional opportunity to enhance income through rental rate adjustments and improved collections.
With lease-up remaining and operational refinement available, Innovation | Interstate provides the opportunity to increase NOI while acquiring high-quality, purpose-built assets in a strong growth corridor. Strong visibility, durable construction, and strategic positioning within the Greenville trade area support both near-term gains and long-term value creation. FOR FULL OM, VISIT WWW.SAULSCRE.COM.
Investment highlights
Class B Self Storage Portfolio | Greenville MSA, SC – Two high-visibility assets approximately 5 miles apart totaling 79,506 NRSF along the I-385 growth corridor in a leading Southeast secondary market.
609 Units + 76 Parking Spaces on 10.33 Acres – Diversified income stream including climate, non-climate, parking, warehouse, and apartment.
In-Place Cash Flow with Value-Add Upside – 73% physical and 67% economic occupancy supports immediate revenue management, rate increases, and lease-up opportunity.
Strong Greenville Market Fundamentals – Population growth, above average incomes, and job expansion drive sustained storage demand.
Interstate Visibility & Accessibility – Direct access to I-385 enhances tenant acquisition and long-term site strength.
Modern, Low-Maintenance Construction – Single-story metal and brick buildings with asphalt drives designed for operational efficiency.
NOI Growth Potential – Dynamic pricing, expense optimization, and professional management can materially increase income.
Compelling Risk-Adjusted Returns – Blend of stabilized cash flow, operational upside, and long-term market appreciation.
Expansion Opportunity – Expansion potential for single- or multi-story construction, supported by an existing detention pond already in place to accommodate development.
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