Exclusively Listed By:
ParaSell Inc. and
EquiCap Commercial 

DEAL SUMMARY

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List Price:  Determined by Market

NRSF:        55,545

Units:         402 Climate-Controlled

Acres:        3.33

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INVESTMENT SUMMARY

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PRIME LOCATION // Located in a densely populated market with traffic counts exceeding 11K vehicles per day.

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STRONG DEMOS // The five-mile trade area boasts 50k+ people, with an average household income of $89k. It is located in a award-winning school district, near newly planned residential communities.

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FAVORABLE SUPPLY INDEX // The three-mile Climate Control supply index is 7.1 sq ft per capita. While the five- mile Climate Control supply is only 5.2 sq ft per capita.

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TOP OF CLASS FINISHES // Premium 3 story class “A” construction and amenities, offering all climate- controlled units, camera system, LED lighting, two elevators, two access controlled entry points, and an office at the entry.

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SOLAR SYSTEM // The Solar system helps keep utility expenses down, as it was strategically built on the top of the roof, and it generates excess power which is applied as a credit to the electric bill.

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EXPANSION OPPORTUNITY // Opportunity to expand on the back of the building, 3 floors, with potential of another ~23,000 NRSF.

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INVESTMENT HIGHLIGHTS

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EquiCap Commercial through ParaSell Inc, its South Carolina Broker of Record, has been selected to market

for sale, Life Storage (Managed), located at 1120 Old Cherokee Rd in Lexington SC (Lexington County).

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Life Storage (Managed) of Lexington SC is an institutional grade ground-up build, strategically located along busy Old Cherokee Rd (11,000+ vehicles per day) with prominent visibility to local residents, vacation residents and surrounding businesses. Not to mention that it is located in the award-winning Lexington One School District, where newly planned residential communities are being developed. Lexington SC is a suburb of Columbia, SC, a metro area that is home to around 750,000 residents.

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The offering consists of one parcel, which is 3.33 acres and is improved with a 55,545 net rentable square foot trophy asset building. The units are fully climatized where the access to the three floors can be gained via two access-controlled entries (located in the front and back of the building) and two elevators. Top of class amenities include a well-pronounced on-site rental office, wide asphalt drive aisle and parking lot, state of the art security system with cameras, LED motion lighting throughout, a .60Mil TPO roof with a 20 year NDL Warranty (2019), a Panasonic VRF system HVAC, and a solar system that generates excess power which is applied as a credit to the electric bill.

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Life Storage (managed) of Lexington SC offers an investor the ability to purchase a newly constructed, state of the art, three story self storage facility in a highly desirable South Carolina market. The potential buyer can improve the operation by stabilizing the economic occupancy, as well as building out the expansion on the back side of the building.