The deal at a glance
- Units
- 335
- Net rentable sq ft
- 39,250
- Offers
- Multiple offers over guidance
- State
- South Carolina
- Seller profile
- Private multi-state operator
- Buyer profile
- Private regional operator
The asset. Class B self-storage, three separate locations with expansions on two parcels, one site including a Twice the Ice franchise.
The transaction
What actually happened.
Oakside sold a three-location, 335-unit stabilized portfolio in Loris, South Carolina that dominated its submarket. Multiple offers came in over guidance and the price exceeded what the decades-long owners believed possible.
- 01
The challenge
A fully stabilized rural portfolio whose value rested on submarket dominance rather than growth, held by owners who did not believe the market would pay.
- 02
What Oakside did
Oakside positioned the three locations on complete submarket dominance: the only site with climate controlled units, and the nearest competitor more than 10 miles away.
- 03
The outcome
Multiple offers over guidance, with two groups fighting for the deal. The result surprised sellers who had owned the property for decades.
Related transactions
More of the record.
Pre-Sale Strategy Session
Want this outcome for your facility?
A confidential call with Oakside's founders. We narrow the seven deferral structures beyond the 1031 to the two or three that fit your facility, and run the number you actually need after closing.