Martin Self Storage has acquired a facility in Leland, N.C., from A Quality Self Storage Inc. for $2.5 million. The property at 7815 Ocean Highway E. comprises 57,300 square feet of indoor storage as well as adjoining boat and RV storage space, according to a press release issued by Cape Fear Commercial LLC, the real estate firm that brokered the sale.
The facility contains 204 units, though the 16.5-acre parcel includes room for expansion, according to a listing on real estate website LoopNet.com. The asset is on U.S. Route 17 in Brunswick County, near Wilmington, N.C.
Martin Self Storage is the operating brand of Martin Organization LLC. The company has seven locations in North Carolina, including five other assets in the Wilmington market. The operator is looking to expand in the state, as well as into Florida and South Carolina, the release stated.
Founded in 2001, Cape Fear Commercial is a full-service commercial real estate advisory firm based in Wilmington. The firm offers brokerage, development and property-management services.
Sources:
- Cape Fear Commercial: Leland Storage Facility Sells for 2.5 Million
- WilmingtonBiz: Leland Storage Facility Sells for $2.5M
