21 E. Settlement Road, Greenville, SC 29617

SALE PRICE: $785,000

LOT SIZE: 2.01 Acres

BUILDING SIZE: 18,017 SF

For more information:

864 678 5949 • charrison@naiearlefurman.comChris Harrison

864 680 0530 • cmorris@naiearlefurman.comCole Morris

Property Features• 206-Unit Self Storage Facility

• Zoned: S-1 Greenville County

• Tax map # B006.00-01-010.02

• Current Occupancy: 69%

• Gross Income from Current Rent Roll: $94,019

• Actual 2016 Income Cap Rate: 6.40%

• Proforma Stabilized Cap Rate: 8.86%

• Multiple Value Add Opportunities

Storage Room

NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OFTHE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS,OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE ORFINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONSIMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THECONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED.

18,017 SF

naief.com

For Sale

NAI Earle Furman314 S Pine St., Spartanburg, SC 29302864 398 4444

Self Storage

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

Property Highlights

• 18,017 Gross SF

• 8 Buildings, 206 Units

• 1 Bedroom Apartment

• Manager's Office

• Additional Rentable Parking

• Room for Expansion

• Current Occupancy: 69%

• Annualized Income from Current Rent Roll: $94,019

• Actual 2016 Expenses: $18,295

• Value Add Opportunities

Historical Income

• 2010: $77,300

• 2011: $79,923

• 2012: $74,495

• 2013: $77,763

• 2014: $83,314

• 2015: $74,499

• 2016: $68,537

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

Unit Type Count % Total Size (SF) $/SF/YR Monthly Rent

5x5 26 12.6 25 $1.40 $35

5x10 67 32.5 50 $0.90 $45

10x10 98 47.6 100 $0.60 $60

10x20 14 6.8 200 $0.50 $100

20x20 1 0.5 400 $0.38 $152

Totals / Averages 206 100% 17,000 $0.67 $11,357

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

21 E. Settlement Road

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

For Sale

Storage Room

NAI Earle Furman | 314 S Pine St., Spartanburg, SC 29302 | 864 398 4444naief.com

* Demographic data derived from 2010 US Census

For Sale

Storage Room

Population 1 Mile 3 Miles 5 MilesTOTAL POPULATION 4,530 33,793 80,721

MEDIAN AGE 39.4 33.9 35.2

MEDIAN AGE (MALE) 36.4 32.3 33.8

MEDIAN AGE (FEMALE) 41.8 35.5 36.1

Households & Income 1 Mile 3 Miles 5 MilesTOTAL HOUSEHOLDS 1,882 12,691 31,189

# OF PERSONS PER HH 2.4 2.7 2.6

AVERAGE HH INCOME $40,459 $42,727 $42,558

AVERAGE HOUSE VALUE $154,759

Ethnicity 1 Mile 3 Miles 5 Miles% HISPANIC 15.2% 19.5% 15.1%

Race 1 Mile 3 Miles 5 Miles% WHITE 69.9% 77.5% 72.3%

% BLACK 20.4% 15.4% 21.8%

% ASIAN 0.5% 0.7% 0.6%

% HAWAIIAN 0.0% 0.0% 0.0%

% INDIAN 0.0% 0.2% 0.2%

% OTHER 5.8% 3.8% 2.9%