CubeSmart (Managed) Portfolio – Spartanburg & Boiling Springs, South Carolina

Property Location

899 East Main Street
Spartanburg, SC 29302

112 McCullugh Road
Boiling Springs, SC 29316

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investment highlights

  • PRIDE OF OWNERSHIP // Opportunity for next investor to own and operate two physically stabilized, Class-A self-storage facilities in the greater Spartanburg area, and increase the economic occupancy as the trade markets stabilize. No oncoming competition within three miles of either facility.
  • EXCELLENT TRAFFIC // The Spartanburg facility sees over 26,000 cars per day with 500 feet of frontage on E Main St.  The Boiling Springs facility sees over 32,000 cars per day off Boiling Springs Road.
  • BEST IN MARKET // Both facilities feature a predominantly Climate Controlled unit mix, with Spartanburg offering 82.7 percent CC units and Boiling Springs at 73.3 percent. The CC NRSF per capita are 6.4 and 8.1, respectively. This positions each facility to compete with top of market for foreseeable future.
  • GOOD DEMOGRAPHICS // Good average household incomes for each property, with Spartanburg at $65,405 and Boiling Springs at $71,690 within 3-miles. Population is expected to grow 5.8 percent and 7.39 percent by 2027, respectively.

Broker Information

Ian Lindahl

Investment Associate

Phone: 303.328.2062
Email: ian.lindahl@marcusmillichap.com
License: CO FA100091294

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Ben Yelm

Broker of Record

Phone: 843.952.2300
Email: byelm@marcusmillichap.com
License: 86628

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Contact The LeClaire-Schlosser Group