186,140 SF | Extra Space Storage (Managed) Portfolio | Spartanburg SC MSA

Colliers is pleased to offer the exclusive opportunity to acquire a best-in-class, institutional quality trophy self-storage portfolio in the highly sought-after Greenville / Spartanburg MSA. This portfolio features 3 Class A facilities located within a 10-mile radius of each other.  These locations offer a total of 186,140 rentable square feet across 1,709 units.  As of January 2025, the Portfolio boasted a blended physical occupancy of 94.7% and approximately 10% of the occupied units have been receiving ECRIs each month for the last year.

John B White Facility: Opened in March 2021, this three-story, 76,285 sq. ft. climate-controlled building has strong performance and expansion potential. Located on 4.98 acres, it features advanced security, ambient music, and a management office. It benefits from high traffic visibility with 34,700 cars passing daily and serves a dense population of 93,301 within a 5-mile radius.

Boiling Springs Location: Opened in October 2019, this 59,565 sq. ft. property spans two single-story buildings with a covered parking structure and a 53-stall RV parking lot. Situated on 14.95 acres, it includes comprehensive security, ambient music, and a management office. It is located off Boiling Springs Rd, which sees 34,100 cars daily, serving a high-end demographic with an average household income over $100,031 within a one-mile radius.

E Main Street Location: Opened in October 2018, this 50,290 sq. ft. property includes four single-story buildings and a sawtooth warehouse. It features a 121.1 kW solar power system, which greatly reduces the utility costs. Located on 2.82 acres, it offers advanced security, ambient music, and a management office. It benefits from exposure to East Main Street, with 26,100 cars daily, serving a high-end demographic with an average household income over $104,600 within a one-mile radius.

The Greenville-Spartanburg Metropolitan Statistical Area (MSA) is a thriving economic hub in South Carolina, driven by major employers such as BMW Manufacturing, Michelin, and Prisma Health. The region's economy is bolstered by a diverse mix of industries, including advanced manufacturing, healthcare, and education. Residential growth has been robust, with Spartanburg recognized as one of the fastest-growing metro areas in the U.S., adding nearly 3% to its population from 2022 to 2023. The area has also garnered national accolades, with Greenville ranking among Forbes' top communities for job growth and Spartanburg being listed as one of the best-performing cities by the Milken Institute. This dynamic environment makes the Greenville-Spartanburg MSA an attractive location for investment and development.