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31220445
31220472

1005 Bickley Rd, Irmo, SC 29063 For Sale

$3,900,000
117 days on market
Updated 8 days ago

Ballentine Storage

Details
Property Type Self Storage
Sub Type Self Storage
Square Footage 36,275
Net Rentable (SqFt) 36,500
Units 320
Cap Rate 5.38%
NOI $210,000
Occupancy 90%
Price per SqFt $108
Year Built 1998
Acreage 2.400
Occupancy Date 03/19/2026

Self Storage | 320 Units | $13,125/unit

Investment highlights

Ballentine Storage offers 80% non climate controlled drive up storage with 20% climate controlled product with 315 total units. Historical occupancy over the past 24 months has averaged 92% showing significant demand. Significant value add to be had with ancillary revenue streams with no tenant insurance currently implemented and below market rates (in place). South Carolina is one of the top five states in the US for population migration growth (incoming) which is projected to continue. The facility is gated, paved and is equipped with security cameras and solar panels to offset electricity / utility costs. It includes a massive marquee sign out front for visibility and exposure. Minimal deferred maintenance and recently painted within the past two years. There is one flex tenant neighboring the office on site. No room for expansion. NO SELLER FINANCING.

Listing Contacts

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Loan Amount
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Annual Cash Flow
$210,000.00
$17,500.00/mo

Valuation Metrics

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DSCR
5.38%
Cap Rate
5.38%
ROI

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