Success Story
Take Cover Storage
Seneca, SC
SELLER PROFILE
Regional Private Developer
BUYER PROFILE
Regional Private Equity Operator
PROPERTY PROFILE
Class A Boat and RV Storage conversion with concierge services
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Summary
- The 65-acre site previously operated as a 220,000 square feet medical device manufacturing plant.
- The owner purchased the facility in 2017 after the plant relocated their core operations.
- The new site opened in 2018 and consisted of multiple revenue streams: Fully enclosed Boat/RV storage, climate controlled self storage in early lease-up, outdoor storage and a single use tenant with a 5-year term.
- The new site opened in 2018 and consisted of multiple revenue streams: Fully enclosed Boat/RV storage, climate controlled self storage in early lease-up, outdoor storage and a single use tenant with a 5-year term.
- The proximity to Lake Koewee, SC provided a strategic location for concierge services drawing customers from over an hour away to store at this facility.
Results
- Identified the subset of buyers who had familiarity with marina/concierge operations within the greater Boat and RV storage space.
- Secured a price that was 10% above seller expectations.
Client Testimonial
”I want to express my appreciation to Cameron Vale and his team that represented us in the sale of Take Cover Storage. We ended up closing with a fantastic result and could not have been more pleased working with this group. I would 100% work with them again in the future and would recommend their services to other owners.”
John B. | Former Owner