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Public Storage Buys SC Facility

Posted by fletchermoser91lldtly on
Summerville Self Storage

Public Storage has purchased Summerville Self Storage, a 53,859-square-foot Class A facility in Summerville, S.C. Bellomy & Co. arranged the sale of the property on behalf of the sellers, a private equity firm and Absolute Storage Management. The brokerage team also procured the buyer in the deal.

Located at 11055 Dorchester Road, the facility occupies 5 acres just off freeways 642 and 17, approximately 25 miles from downtown Charleston. The area is surrounded by many apartment communities, including Arbor Village, a 240-unit property.

Summerville Self Storage was originally built in 2007 and expanded in 2017. The facility comprises a total of 405 units, ranging from 50 to 420 square feet. The two-building asset features a gate, drive-up access, security cameras and vehicle and RV parking. Additional services include on-site management.

Bellomy & Co.’s brokerage team included Principals Bill Bellomy and Michael Johnson. In August, the duo also arranged the sale of Sentry Self Storage, a 104,024-net-rentable-square-foot facility in Houston.

Image courtesy of Yardi Matrix 



Source: https://www.cpexecutive.com/post/public-storage-buys-sc-facility/

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