Pearman Dairy
Self Storage

  • Date Acquired: December 2017
  • Location: Anderson, SC
  • Asset Type: 70,000 Retail Center with
    Former Winn-Dixie Anchor
  • Post Acquisition Strategy:
    Conversion to Self Storage;
    Subdivide Property

About this Property

Background 

In December 2017, Larkspur acquired a 70,000 square foot retail complex consisting of a main 60,000 square foot building which had formerly been a Winn-Dixie and a smaller 10,000 square foot building which had a small restaurant tenant.  The property also featured Dollar General in an 8,000 square foot space within the larger retail building. 

 

Results 

Larkspur’s strategy was to sub-divide the property into three parcels thereby both creating a front outparcel on which Dollar General could be relocated and creating additional space for a self-storage conversion of the former Winn-Dixie.  Larkspur was able to build a new Dollar General building on the outparcel and sold following construction to a local net lease investor.  Larkspur then sold the 2nd parcel with the smaller retail building leaving the residual 60,000 square foot self-storage building which has been operating since June 2019. 

Before

After

Contact Us

10800 Biscayne Blvd Suite 735 Miami, FL 33161

(786) 540-4130

info@larkspurprop.com