Three Charlotte Self Storage Facilities Sold


sold stamp blueMarcus & Millichap has arranged the sale of a three-property, 881-unit self-storage portfolio located in metro Charlotte, N.C. The buyer, a hedge fund, was also secured by the group.

The properties included in the portfolio are:

  • Highway 70 Self Storage, 344 units in Newton, N.C.
  • North Cannon Self Storage, 302 units in Kannapolis, N.C.
  • Shelby Self Storage, 235 units in Shelby, N.C.

All three facilities are located in Greater Charlotte, within a short distance from each other. With an estimated population of 2,500,000 residents, the Charlotte metro area is the most populous in North Carolina and the sixth largest MSA in the Southeast United States. By 2020, the metro is expected to have a 58.6 percent population growth from 2000.

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