Extra Space Storage (Managed)
406 E 3rd N St, Summerville, South Carolina 29483
Property InfoPrice: $
Year Built: March 2022
Download Marketing Package
Broker Contact Info
The Hatcher Coe Group of Marcus & Millichap is pleased to exclusively offer for sale Extra Space Storage (Managed) located in Summerville, South Carolina. The facility consists of 536 climate-controlled units and 7 non-climate-controlled units totaling 92,292 net rentable square feet. There are also 35 boat and RV garages available for rent. This is a new construction facility that recently opened in March 2022. The property is fully secured with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.
The facility is located 21 miles from Charleston, South Carolina and benefits from a dense and rapidly growing surrounding population. The population within five miles of the facility is 141,625, which represents a 69% increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, and retail stores. This offers the facility great street frontage and high daily traffic counts of around 27,900 cars per day off Berlin G Myers Parkway and 5,400 cars per day off East 3rd North Street.
In 2022, the population in your selected geography is 141,625. The population has changed by 68.9 percent since 2000. It is estimated that the population in your area will be 155,085 five years from now, which represents a change of 9.5 percent from the current year. The current population is 48.3 percent male and 51.7 percent female. The median age of the population in your area is 36.8, compared with the U.S. average, which is 38.6. The population density in your area is 1,803 people per square mile.
There are currently 53,176 households in your selected geography. The number of households has changed by 76.6 percent since 2000. It is estimated that the number of households in your area will be 58,592 five years from now, which represents a change of 10.2 percent from the current year. The average household size in your area is 2.6 people.
In 2022, the median household income for your selected geography is $64,911, compared with the U.S. average, which is currently $66,422. The median household income for your area has changed by 46.8 percent since 2000. It is estimated that the median household income in your area will be $73,882 five years from now, which represents a change of 13.8 percent from the current year.
The current year per capita income in your area is $30,835, compared with the U.S. average, which is $37,200. The current year’s average household income in your area is $82,057, compared with the U.S. average, which is $96,357.
In 2022, 74,869 people in your selected area were employed. The 2000 Census revealed that 58.8 percent of employees are in white-collar occupations in this geography, and 41.2 percent are in blue-collar occupations. In 2022, unemployment in this area was 3.0 percent. In 2000, the average time traveled to work was 27.2 minutes.
The median housing value in your area was $240,792 in 2022, compared with the U.S. median of $250,735. In 2000, there were 22,085 owner-occupied housing units and 8,018 renter-occupied housing units in your area. The median rent at the time was $478.
The selected area in 2022 had a higher level of educational attainment when compared with the U.S averages. Only 9.5 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.3 percent, and 16.6 percent completed a bachelor’s degree, compared with the national average of 19.7 percent.
The number of area residents with an associate degree was higher than the nation’s at 11.4 percent vs. 8.4 percent, respectively.
The area had more high-school graduates, 27.7 percent vs. 27.1 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 25.2 percent in the selected area compared with the 20.4 percent in the U.S.
■ Charleston, South Carolina MSA Self Storage Offering
■ Brand New, Class A Facility
■ Opened in March 2022
■ 92,292 Net Rentable Square Feet
■ 536 CC Units | 7 NCC Units | 35 Boat & RV Parking Garages
■ Rapid Lease-Up: Already 44.5% Physically Occupied
■ Great Visibility & High Daily Traffic Counts of 27,900 Cars/Day off Berlin G Myers Pkwy & 5,400 Cars/Day off E 3rd N St
■ Dense and Rapidly Growing Surrounding Population: 141,625 People Living Within a Five-Mile Radius | Represents a 69% Growth Since 2000