Marcus & Millichap : Announces the Sale of A-1 Lakeview Safe Storage in North Carolina
May 15, 2023 at 11:05 pm IST
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Marcus & Millichap Announces the Sale of A-1 Lakeview Safe Storage in North Carolina
May 15, 2023
FAYETTEVILLE, North Carolina, May 15, 2023 - Marcus & Millichap Real Estate Investment Services of North Carolina, Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of A-1 Lakeview Safe Storage, a 23,500-square-foot self-storage facility located in Fayetteville, North Carolina.
Jonathan M. Fawley, Brett R. Hatcher, Gabriel Coe and Nathan Coe, investment specialists in Marcus & Millichap's Columbus office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Ben Yelm, North Carolina Broker of Record, assisted in closing this transaction.
"This transaction was a win-win for both the buyers and the sellers," said Jonathan M. Fawley, the lead agent involved. "There were hurdles in this deal that required a sophisticated buyer to close. We were able to accomplish this closing, even with the rapidly changing debt markets."
A-1 Lakeview Safe Storage is located about 10.5 miles southwest of downtown Fayetteville, North Carolina. This stabilized, cash-flowing facility currently features 46 climate-controlled self-storage units, 121 non-climate-controlled self-storage units, and 15 outdoor parking spaces that make up 23,500 net rentable square feet with additional room available for future expansions. It was built in 2007 and has been able to maintain strong historical occupancy rates and is currently 95 percent physically occupied.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2022, the company had 1,904 investment sales and financing professionals in 81 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 12,272 transactions in 2022, with a sales volume of approximately $86.3 billion. For additional information, please visit www.MarcusMillichap.com.
Marcus & Millichap Inc. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 17:34:02 UTC.
Marcus & Millichap, Inc. is a brokerage company. The Company is specialized in commercial real estate investment sales, financing services, research, and advisory services. The Company also offers market research, consulting, and advisory services to its clients. The Company offers services to its clients by underwriting, marketing, selling, and financing commercial real estate properties in a manner that maximizes value for sellers, provides buyers with a diverse inventory of commercial properties, and secures competitive financing from lenders for borrowers. The Company divides its commercial real estate into four market segments: properties, private client market, middle market, and larger transaction market. The Company serves clients with one property, multiple properties, and large investment portfolios. The Companyâs investment brokerage and financing professionals serve private clients within the private client market segment.
MARCUS & MILLICHAP, INC. 
