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Private Investor Buys 2 Marion, SC, Self-Storage Properties for $1.96M

A private investor purchased two self-storage properties in Marion, S.C., for $1.96 million. The buyer formed an LLC to acquire White’s Mini Storage and Francis Marion Plaza Storage, according to a press release from Midcoast Properties Inc., the real estate firm that brokered the transaction. Combined, the facilities include 608 standard and climate-controlled units, a clubhouse, and a warehouse with loading dock on a total of 18 acres.

October 13, 2015

1 Min Read
Private Investor Buys 2 Marion, SC, Self-Storage Properties for $1.96M

A private investor purchased two self-storage properties in Marion, S.C., for $1.96 million. The buyer formed an LLC to acquire White’s Mini Storage and Francis Marion Plaza Storage, according to a press release from Midcoast Properties Inc., the real estate firm that brokered the transaction. Combined, the facilities include 608 standard and climate-controlled units, a clubhouse, and a warehouse with loading dock on a total of 18 acres.

Opened in 1975 and expanded in 2009, White’s Mini Storage at 1834 Senator Gasque Road comprises 84,985 net rentable square feet of storage space in 22 buildings. Francis Marion Plaza Storage at 2816 U.S.-501 encompasses 42,000 net rentable square feet of storage space. The facility opened in 1991 and has 11 buildings. Both properties have room for expansion, the release stated. Security features include lighting, perimeter fencing and video cameras. Each also has a rental office.

Dale C. Eisenman, president of Midcoast Properties, represented the seller. The company offers brokerage services in Georgia, North Carolina and South Carolina.

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