NEWS RELEASE: Leland Storage Facility Sells for 2.5 Million
Jun 29, 2016
Wilmington, NC – June 29th, 2016 – Commercial real estate firm Cape Fear Commercial, LLC (“CFC”) is pleased to announce that it has closed on the sale of A Quality Self Storage in Leland, NC. The storage facility, located on Highway 17 in Brunswick County, sold for $2.5 Million to the Martin Organization, LLC, another prominent self-storage company in the area.
CFC broker Mike Brown represented the seller, A Quality Self Storage Inc., in the sale of the asset, which consisted of 57,300 SF of enclosed self storage along with adjoining outdoor RV and Boat storage. Buyer, Martin Self Storage, currently has seven locations in New Hanover and Brunswick County and is expanding throughout southeast North Carolina, South Carolina and Florida.
“We have had a long standing relationship with the owners of A Quality Self Storage and were very pleased to be able to successfully sell this asset to a first class operation like Martin Self Storage,” said Brown.
About Cape Fear Commercial
Founded in 2001, Cape Fear Commercial is a full service commercial real estate advisory firm based in Wilmington, North Carolina. The firm offers brokerage, property management and development services. For more information on Cape Fear Commercial, visit www.capefearcommercial.com.