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32474810
32474811

1361 SC-292, Inman, SC 29349

BB
TX 575641, TX
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
Listed by VERSAL - Bellomy
$1,800,000
23 days on market
Updated 23 days ago

Sibco Self Storage

Details
APN 1-34-00-076.09
Property Type Self Storage
Square Footage 17,500
Units 141
NOI $77,511
Occupancy 97%
Pro-Forma NOI $109,193
Year Built 1999, 2000, 2002, 2007
Buildings 7
Acreage 3.550
Parking Spaces 2 spaces
Parking Per SqFt 0.11

1361 SC-292, Inman, SC 29349

Marketing description

Sibco Self Storage is located in Inman, South Carolina. Inman is situated in Spartanburg County in the Upstate South Carolina region. The Greenville-Spartanburg-Anderson Combined Statistical Area, one of the fastest-growing metros in the Southeast, forms the broader market backdrop.

The property features 141 non-climate-controlled units totaling 17,500 NRSF, along with 2 uncovered parking spaces. The average unit size is approximately 124 NRSF. The facility is currently 97% physically occupied and approximately 78% economically occupied, reflecting a strong and stable customer base.

The property benefits from excellent visibility and accessibility along SC-292, a key thoroughfare connecting the surrounding communities of Inman, Landrum, and Campobello. Inman is located in the heart of Upstate South Carolina, approximately 30 miles from Greenville and 25 miles from Spartanburg, providing access to two of South Carolina's largest and most economically dynamic markets. The property is under a mile from I-26, and within 1.75 miles of Chapman High School. It is also only 5.1 miles from major retailers like Walmart, Lowe's, and Chick-fil-A.

Construction highlights include metal and steel construction, asphalt drives, and an on-site office. The property also includes +/- 1.5 acres of additional expansion land at the front of the site.

Sibco Self Storage is being listed for sale at $1,800,000.

Investment highlights

  • $1,800,000
  • 141 NC Units
  • 17,500 NRSF
  • +/- 1.5 Acres of Expansion Room
  • 97% Occupied
  • On-Site Office, Asphalt Drives
  • Inman, SC
  • 47,341 Population Within 5 Miles
  • $89,362 Average Household Income Within 5 Miles
  • 0.7 Miles from I-26
  • 1.7 Miles from Chapman High School
  • 5.1 Miles from Major Retailers (Walmart, Lowe's, Chick-fil-A)

Listing Contacts

BB
TX 575641, TX
VERSAL - Bellomy
LF
TX 797941
VERSAL - Bellomy
VERSAL - Bellomy
HH
CA CA 01351744
VERSAL - Bellomy
Listed by VERSAL - Bellomy

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$77,511.00
$6,459.25/mo

Valuation Metrics

0
DSCR
4.31%
Cap Rate
4.31%
ROI

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