4 Cardinal Ct Immeuble | 2 377 m² | Spécialité | À vendre 2 626 590 € | Taux de capitalisation 1,97 % | Hilton Head Island, SC 29926

Grandstone is pleased to present Cardinal Court Storage, a well-established self-storage facility located in the highly sought-after Hilton Head Island market. This rare investment opportunity is positioned within a constrained development environment where new self-storage projects face high barriers to entry. The property benefits from grandfathered zoning, though no site plans or redevelopment approvals have been secured to date.
Situated on 1.9 acres, the facility comprises 21,700 net rentable square feet across 145 drive-up units and 9 outdoor parking spaces. Originally Built in 1987 and zoned Light Commercial, the site allows for a building height of up to 35 feet and permits a total of 34,740 net rentable square feet.
Currently, the facility is 56.49% physically occupied with an economic occupancy of 43%, highlighting significant upside through lease-up, operational improvements, and potential value creation through site redevelopment and enhanced curb appeal.
Strategically located at 4 Cardinal Court, the property is supported by strong local demographics. Within a five-mile radius, the population totals 31,155 residents, with an average household income of $138,909. Additionally, the area is projected to see 6.3% population growth, according to recent census data.

With its irreplaceable location, limited future supply, and clear path to revenue growth, Cardinal Court Storage offers a compelling opportunity to invest in a high-barrier, high-demand coastal market.