Extra Space Storage 2 Property Portfolio
Simpsonville, SC
Executive Summary
CBRE’s Self Storage Advisory Group is retailed as the exclusive listing advisor for the Extra Space 2 Portfolio, which features two self-storage properties located in Simpsonville, SC. The portfolio consists of a combined 1,323 units distributed across 162,494 net rentable square feet of storage space and 3,000 net rentable square feet of retail space along with 9,600 net rentable square feet of parking spaces. The properties have valuable on-site amenities offered with nice demographics at a portfolio average population of 99,619 people and $120,674 average household income within a 5-mile radius.
Simpsonville, South Carolina, presents robust economic performance and promising future growth. Located in the heart of the thriving Greenville County, part of the “Golden Strip,” Simpsonville has experienced significant population growth, fueled by its proximity to major employers like BMW, Michelin, and GE, which bolster a diverse economy spanning manufacturing, healthcare, and technology. The city’s strategic location enhances its appeal as a commercial and retail hub, attracting businesses and fostering job creation. Recent developments, such as the Cotton Mill Luxury Apartments and the revitalized Burdette Central mixed-use project, exemplify Simpsonville’s commitment to balanced, sustainable growth while preserving its small-town charm. The median household income in areas like Five Forks is more than double the state average, supporting strong demand for both residential and commercial real estate. With a low unemployment rate and ongoing infrastructure improvements like City Park and downtown enhancements, Simpsonville is well-positioned for long-term appreciation and economic stability, making it an attractive destination for real estate and business investments.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
