Leland Self Storage Facility Sold

Leland, NC Self Storage Facility Sold

By MBD

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.

Carolina Beach retail center acquired for 2.25M

Local investors purchased a retail center for $2.25 million located 1206 N. Lake Park Blvd in Carolina Beach on Sept. 18th of this year. The center is anchored by Michael’s Seafood Restaurant, and other tenants include Island Massage & Spa, Carolina Beach Jewelers, Unified Alerts, Island Beverage and Nails Image.  In a recent lease, The Southerly Biscuit & Pie is expected to open in the spot at the center that’s currently occupied by Big Apple Bakery, potentially by December. The center is fully leased.