Two-Property Self Storage
For Sale
Contact for pricing
1310 NEW HOPE RD, Anderson, SC 29625
Established storage operations in Anderson and Walhalla serve distinct Upstate South Carolina demand profiles.
Property Size42,175 SF
Price / SF$106.70
Days on Market52
Property Features for 1310 NEW HOPE RD
General Information
Standard status
Active
Size
42,175 SF
Property subtype
Self Storage
Occupancy
75%
Additional Details
Self-Storage Units
348
Listing Agency:
ParaSell Inc
Listed By:
Scott Reid · License #F06134000
(949) 942-6585
Source:
Crexi
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 24 at 2:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ParaSell Inc
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Investment Insights
Based on property information with market context.
This self-storage portfolio includes two operating facilities in Upstate South Carolina, with one property in Anderson and the other in Walhalla. Combined, the assets contain 42,175 NRSF across 348 storage spaces. The Anderson property is located at 1310 New Hope Rd and contributes approximately 72% of the portfolio’s total NRSF, while the Walhalla facility extends the platform into Oconee County and the Lake Keowee area.
Current occupancy remains below stabilized levels, with Anderson at 75.2% physical occupancy and 72.8% economic occupancy. Walhalla reports 73.9% physical occupancy and 72.4% economic occupancy, producing blended portfolio occupancy of approximately 74.9% by SF and 72.7% economically. Population projections call for approximately 3.2% growth in Anderson and 2.1% in Walhalla over the next five years.
Current occupancy remains below stabilized levels, with Anderson at 75.2% physical occupancy and 72.8% economic occupancy. Walhalla reports 73.9% physical occupancy and 72.4% economic occupancy, producing blended portfolio occupancy of approximately 74.9% by SF and 72.7% economically. Population projections call for approximately 3.2% growth in Anderson and 2.1% in Walhalla over the next five years.
Key Highlights
- 42,175 NRSF across 348 storage spaces
- Two facilities located in Anderson and Walhalla, South Carolina
- Anderson property at 1310 New Hope Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$358,521
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,170,420
$7.2M
Cap Rate 7%
$5,121,729
$5.1M
Cap Rate 9%
$3,983,567
$4.0M
Market Conditions
NOI Build-Up for 42,175 SF
Gross rent
$556.7K $13.20/SF
− Vacancy
−$44.5K −$1.06/SF
EGI
$512.2K $12.14/SF
− OpEx
−$153.7K −$3.64/SF
NOI
$358.5K $8.50/SF
Area
Anderson County, SC
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,170,420
Cap Rate 7%
$5,121,729
Cap Rate 9%
$3,983,567
Alternative Uses
Best Use
Warehouse
$32.97M
$28.85M – $38.47M
NOI $2,308,235 @ 7.0% cap · market cap 51.29%
Second Best
Self Storage
$5.12M
$4.48M – $5.98M
NOI $358,521 @ 7.0% cap · market cap 7.97%
Theoretical Best
Multifamily LT 5
$456.64M
$399.56M – $532.74M
NOI $31,964,542 @ 7.0% cap · market cap 710.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
74.9%
Occupancy
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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Business Placement
Demographics for 29625, SC
28,521
Population
13,716
Households
2.1
Avg Household Size
42
Median Age
23%
College-Educated
89%
High-School Grad
46.9 sq mi
ZIP Area
608
Density / Sq Mi
$58,746
Median Household Income
$36,120
Median Earnings
$1,015
Median Rent
$210,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Established storage operations in Anderson and Walhalla serve distinct Upstate South Carolina demand profiles.
Where is this self storage facility located?
The property is located at 1310 NEW HOPE RD Anderson, SC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 42,175 NRSF across 348 storage spaces; Two facilities located in Anderson and Walhalla, South Carolina; Anderson property at 1310 New Hope Rd
