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Vault I - Self Storage
60,000 rentable square foot self-storage facility in Lake Wylie, SC. The development emphasized parking with 133 oversized, paved boat & RV spaces. Delivered in 2016, the property exceeded both lease-up velocity and rental rate projections with the boat parking leasing up in just a few months. Received several unsolicited offers to purchase the property during lease-up and sold the property in 2017.
9.7%
Target Return on Cost
83%
Target IRR
25%
Target Cash on Cash Return
3.5%
Target Equity Multiple
Overview
70,000 rentable sq ft of Self Storage with 100 boat & RV parking spaces

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