MORGANTON, N.C. (April 20, 2023) – Franklin Street has arranged the sale of a 2.13-acre self-storage development site in Morganton, North Carolina.
Franklin Street’s National Self-Storage Team of Frank DeSalvo and David Perlleshi represented the seller, investor Darren Stillwell, in the transaction. The buyer is Texas-based Military & Patriots Investment Group.
The site is approved for a 24,750-net-rentable-square-foot non-climate self-storage facility.
Located at 113 Old Jamestown Road, the site is located near Highway 70, which sees a daily traffic count of 16,500 vehicles. The site benefits from a 5-mile population radius of over 35,000 people.
“The process of working with this team has been easy, professional and courteous. The team is attentive to my calls, and they have connections with potential buyers that made this sale a cinch,” said Darren Stillwell, Principal.
About Franklin Street:
Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its lines of business, Franklin Street has grown to include seven business divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management. With $7 billion in transaction value across all major product types, Franklin Street offers unmatched value and optimal solutions for clients nationwide. Headquartered in Tampa, Fla., the firm has teams located in top markets throughout the country and works with owners and occupiers of commercial real estate nationwide. Learn more about Franklin Street at FranklinSt.com.