Miller-Valentine Group and Coastal Storage Group Sell Three Self-Storage Facilities in Charleston, S.C., to Public Storage
Charleston, SC (Jan. 8, 2020)—Miller-Valentine Group and Coastal Storage Group have sold three climate-controlled self-storage facilities in Charleston, S.C., to Public Storage, the largest provider of self-storage services in the U.S.
The purchase encompasses approximately 300,000 SF and more than 2,000 self-storage units. All three Class A assets were developed on sites that were strategically selected for their highly visible locations in densely populated, high-growth areas. The facilities have been in operation since 2018.
“We strive to deliver the best return for our stakeholders by identifying projects with solid fundamentals that we can maximize through our streamlined approach to development and construction,” said Aaron Rowley, a partner in the project. “The purchase of these assets by the country’s most recognized brand in self-storage facilities reinforces our position in the market.”
“We take tremendous pride in designing, developing and building high-quality, very efficient facilities in strategic locations,” said Steve Koewler, President, Southeast Business Development, Miller-Valentine Group. “This benefits investors as well as the customers these facilities serve.”
Miller-Valentine and Coastal Storage Group own additional facilities in Myrtle Beach, S.C., and Knoxville, Tenn., and are partnering on six additional facilities in Florida, Kentucky, Ohio and Tennessee in 2020.
About Miller-Valentine Group
Founded in 1963 as a General Contractor, Miller-Valentine Group works in close collaboration with businesses and organizations when they are ready to build, renovate, expand or move. With offices located in Dayton and Cincinnati, Ohio, and Columbia and Charleston, South Carolina, Miller-Valentine has constructed or developed over 100 million square feet of commercial real estate and more than 15,000 multifamily units in more than 25 states. Products include climate controlled self-storage, industrial warehouse/manufacturing/distribution, healthcare, multifamily luxury, and office facilities. For more information go to www.mvg.com.
About Coastal Storage Group
Coastal Storage Group is a self-storage development company based in Charleston, South Carolina. The company currently owns and operates self-storage facilities in the Southeast and is skilled in the coordination of facility planning, design, and construction; expertly managing the development of completed projects. For more information, please visit www.coastalstoragegroup.com.