Public Storage Buys SC Facility
- Sep 17, 2018
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, which comprises 240 units.
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