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The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale St. Stephen Storage Portfolio located in St. Stephen, South Carolina. The portfolio features 323 non-climate-controlled units totaling 43,820 net rentable square feet. They also offer 25 parking spaces for rent. The facilities have had strong historical occupancy rates and has a combined physical occupancy of 93%. Two of the properties are fully fenced with keypad, gated entrances, and there is one on-site management office at the State Road location.

The facilities are located in St Stephen less than a mile apart from each other and about 40 miles from Charleston, South Carolina. They are conveniently located just off U.S. Route 52 in South Carolina which serves to connect Charleston with North Carolina. The State Road property has great street frontage and high daily traffic counts of around 4,900 cars per day.

St. Stephen Storage Portfolio is being offered for $3,000,000 or $68.46 per rentable square foot.

Population
In 2021, the population in your selected geography is 8,438. The population has changed by 23.5 percent since 2000. It is estimated that the population in your area will be 9,028 five years from now, which represents a change of 7.0 percent from the current year. The current population is 47.2 percent male and 52.8 percent female. The median age of the population in your area is 43.4, compared with the U.S. average, which is 38.4. The population density in your area is 107 people per square mile.

Households
There are currently 3,165 households in your selected geography. The number of households has changed by 29.8 percent since 2000. It is estimated that the number of households in your area will be 3,415 five years from now, which represents a change of 7.9 percent from the current year. The average household size in your area is 2.6 people.

Income
In 2021, the median household income for your selected geography is $42,133, compared with the U.S. average, which is currently $65,694. The median household income for your area has changed by 58.7 percent since 2000. It is estimated that the median household income in your area will be $42,659 five years from now, which represents a change of 1.2 percent from the current year.

The current year per capita income in your area is $19,411, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $51,452, compared with the U.S. average, which is $94,822.

Employment
In 2021, 3,396 people in your selected area were employed. The 2000 Census revealed that 45.0 percent of employees are in white-collar occupations in this geography, and 55.0 percent are in blue-collar occupations. In 2021, unemployment in this area was 7.0 percent. In 2000, the average time traveled to work was 30.9 minutes.

Housing
The median housing value in your area was $179,815 in 2021, compared with the U.S. median of $227,827. In 2000, there were 2,079 owner-occupied housing units and 360 renter-occupied housing units in your area. The median rent at the time was $283.

Education
The selected area in 2021 had a lower level of educational attainment when compared with the U.S averages. Only 6.8 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.0 percent, and 6.6 percent completed a bachelor’s degree, compared with the national average of 19.5 percent.

The number of area residents with an associate degree was lower than the nation’s at 7.4 percent vs. 8.3 percent, respectively.

The area had more high-school graduates, 41.1 percent vs. 27.2 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 22.4 percent in the selected area compared with the 20.5 percent in the U.S.

■ 43,820 Combined Net Rentable Square Feet
■ 323 Combined Non-Climate Controlled Units
■ 25 Outdoor Parking Spaces
■ Strong Historical Occupancy: 93% Combined Physical Occupancy
■ All Three Facilities are Located Within One-Mile from Each Other
■ ~5,000 SF Expansion Room Available at the State Road Location
■ Recently Installed State-of-the-Art Security and Camera System at State Road Location
■ Located On and Close Proximity to U.S. Route 52
■ High Daily Traffic Counts: 4,900 Cars/Day off State Rd S-8-52
■ Population Has Increased by 24% Since 2000 Within a Five-Mile Radius

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