Ziff Properties acquires self-storage facility – Simpsonville, SC (Greenville MSA)
December 14, 2016
Ziff Properties, Inc. announced the acquisition of Absolute Storage, a 45,530-square-foot self-storage facility located in Simpsonville, SC (Greenville MSA). The property was purchased for $4.450 million. Ziff Properties plans to add an additional 23,175-square-feet consisting of 314 new storage units. The finished product will be a 68,705-square-foot Class A climate and non-climate controlled storage facility with 627 total units.
Ziff Properties’ Chief Operating Officer and Director of Acquisitions, Christian Chamblee says, “This transaction marks our sixth self-storage acquisition in South Carolina’s upstate. We are excited to set our expansion plans into motion and provide Simpsonville with another Class A storage option.”
About Ziff Properties
Ziff Properties, Inc. specializes in the development, acquisition and management of
commercial properties in the Southeastern United States. Based in Mount Pleasant, South Carolina, the Company’s 3,000,000-square feet portfolio includes shopping centers, office buildings, flex centers, light industrial properties, and self-storage facilities. Founded by Stephen Ziff in 1992 along with CEO Tim Walter, the company has purchased more than 6 million square feet of commercial property. With more than 500 tenants, Ziff Properties’ portfolio contains locally owned and operated businesses as well as national tenants such as Food Lion, Staples, Starbucks and Hibbett Sports. For more information, please visit www.zpi.net.
