Midcoast Properties Closes Deal on Storage 2000 and Storage Central
Storage 2000 and Storage Central, a four property storage and RV portfolio, with over 383,000 rentable square feet and over 2,540 self storage units, has commanded a sales price of over $100 per RSF. Multiple offers were received for this institutional grade portfolio which sold in early October. Dale C. Eisenman, CCIM of Midcoast Properties, Inc. a leading self storage broker in the Southeast had the listing to market the portfolio. The entire due diligence and sales process unfolded smoothly thanks to the excellent coordination with the buyer, a national REIT. Storage 2000 opened in 2000 and continuously expanded through the early 2000s. Storage Central located in Raleigh, NC opened in 2010 as an RV and Boat Storage Center. It offers fully enclosed boat and RV storage along with other amenities attractive to RV owners. Additionally, traditional climate and non-climate self storage units are offered and the facility was recently expanded. This portfolio was comprised of 30 buildings on over 30 acres with Storage Central and Storage 2000 (Cayce) offering additional expansion opportunities. Amenities include drive-up and climate controlled units, enclosed RV and Boat Storage, security cameras, computerized gate entrance, rental office with retail office and onsite move in trucks. Midcoast Properties, Inc. is a leading broker of commercial real estate in the Southeast focusing on the Self Storage industry. Brokerage services are available in North Carolina, South Carolina, and Georgia. The firm’s focus is to be a valuable resource to self storage owners, buyers, industry members and investors. For additional information contact:
