Excellent opportunity to acquire a well-located self-storage facility in a growing South Carolina market with clear upside through rate growth and operational efficiencies.
Cannon Secure Storage is situated on approximately 0.64 acres and comprises 11,600 square feet across 75 non-climate-controlled units. The facility benefits from strong visibility and convenient access, making it highly attractive to both residential and small business customers. Current NOI is approximately $50,000, with projections indicating the potential to reach $90,000 as rental rates are brought to market levels.
The property is located in Gaffney, SC, an area experiencing steady population growth with approximately 28,000 residents within a 5-mile radius. The facility is just 5 minutes from Interstate 85, a major regional corridor that supports consistent demand. There are no planned competing self-storage developments within the 5-mile trade area, creating a favorable competitive environment and limiting future supply risk.
Operations are well-suited for remote management, offering a streamlined ownership model with reduced overhead. The facility is fully fenced and gated with concrete driveways, enhancing security, durability, and tenant appeal. This asset is ideal for both first-time storage investors and experienced operators seeking a stable property with meaningful value-add potential.
Further financial details and operating information are available upon request.
