Portfolio For Sale • 123,900 SF
| Value-add opportunity through lease up, given current portfolio occupancy at 58% |
| Attractive, day-one returns with significant upside remaining. 5.93% In-Place Cap Rate, 10.14% Year 4 Cap Rate |
| Combined traffic counts of 58,000 vehicles per day across the three sites |
| Below market in-place rents with room to push rents at stabilization |
| Expansion opportunity included in the sale |
| Very favorable basis, especially given the amount of climate controlled storage included in the sale |
| Cap Rate: | 5.93 % |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Pitt-Greenville | 42 min | - | 29.4 mi |
| Albert J Ellis | 66 min | - | 36.3 mi |
| Coastal Carolina Regional | 54 min | - | 39.8 mi |