EquiCap Commercial Facilitates Self-Storage Sale
- Feb 13, 2019
EquiCap Commercial’s Self Storage Advisory Group has arranged the sale of The Storage Place, a 29,550-rentable-square-foot facility in Commerce, Ga. The firm represented the buyer, a private owner, in the transaction.
Located at 741 Ila Road, the facility is alongside freeways 15 and 41, approximately 19 miles from downtown Athens. The storage property is situated near residential areas with a population of around 14,400 and roughly 5,280 households within a 5-mile radius. The Storage Place occupies 1.8 acres and comprises a total of 204 units. The facility is fenced and gated and features digital keypad entry and security cameras. Additionally, the property offers office and retail space and provides moving supplies.
“This offering is located just two miles from a facility that my client owns. I knew it could easily be rolled into his existing operation as a satellite location. To that end, he was the logical buyer,” said Jesse Luke, managing partner at EquiCap Commercial, in prepared remarks.
In January, the firm also brokered the sale of Burnham Street Self Storage Conversion, an 80,688-net-rentable-square-foot facility in West Allis, Wis.
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