Store It All Portfolio (2)
Deal Highlights
• Institutional-Grade Portfolio: Two-property, fully stabilized self-storage portfolio totaling 128,000 NRSF and 946 units in Murrells Inlet and Pawleys Island, SC
• Strong Demographics: Population growth in Murrells Inlet is over 3x the national average, supporting sustained demand for self-storage services
• High Occupancy: 29.5% economic occupancy at Murrells Inlet and 30.5% at Pawleys Island, with further upside potential from strategic management
• Rent Growth Opportunity: Blended rent per square foot of $0.28 at Murrells Inlet and $0.30 at Pawleys Island, with substantial projected rent growth potential
• Limited Supply: Both markets feature less than 6 NRSF per capita, indicating a high demand for self-storage and minimal competition in the near term
• Strategic Frontage: Properties are directly located along Highway 17, with traffic counts of 40,000+ vehicles per day, ensuring high visibility and consumer access
• NOI After CapEx: $1,234,044.38 for each property, reflecting strong operational performance and value creation potential
• Premier Location: Situated in two of South Carolina’ s most affluent and rapidly developing coastal communities within the Myrtle Beach metro area
