The sale of Folly Road Self Storage in Charleston, South Carolina was recorded on August 25, 2017. The property consisted of 303 storage units in 34,700 net rentable square feet plus 15 parking spaces for boats and RVs. The property is located at 1573 Folly Road in Charleston, South Carolina. The property was purchased by a private equity firm from Pennsylvania and will be managed by a third-party management company. The seller was an entity controlled by an individual from San Diego, California. The sale price was $4,686,500.
Bill Alter of Rein & Grossoehme Commercial Real Estate represented the seller in the transaction.
This sale represents Alter's 157th successful closing of a self storage transaction in 32 years as a specialist in this property type. Call 602-954-0217 for additional information.
Rein & Grossoehme specializes in the sale of investment properties and commercial leasing.