The Kensington Storage Portfolio consists of two facilities in the greater Spartanburg trade area. Kensington I is located at 102 & 95 Kensington Dr and consists of 30,409 sf. This property offers both climate controlled units as well as non-climate, and is priced at a stabilized 15% cap rate. Kensington II is located at 185 Rainbow Lake Rd in Boiling Springs. This facility currently has 12,825 rentable sf, but has significant expansion potential. Kensington II is located directly behind the new Super Wal-Mart and adjacent to the Super Lowe's. This asset is currently 96% occupied and is priced at an in-place 9% cap rate.