Jan
29

Six Self Storage Facilities in the Carolinas Sold

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self storageExtra Space Storage Inc., a self-storage real estate investment trust, recently acquired a seven-property portfolio for nearly $57 million from FCA Partners, a real estate investment management firm. The properties are in North and South Carolina as well as Texas. They comprise approximately 5,000 units.

Extra Space managed the Carolina properties prior to the sale, according to “The SpareFoot Storage Beat,” a blog produced by self-storage online marketplace SpareFoot. Those facilities have been operating under the Extra Space brand name. The properties in the Carolinas are:

2910 Lawndale Drive, Greensboro, N.C.
4514 High Point Road, Greensboro, N.C.
733 10th Ave. S.E., Hickory, N.C.
550 Peters Creek Parkway, Winston-Salem, N.C.
2720 University Parkway, Winston-Salem, N.C.
3600 Wade Hampton Blvd., Taylors, S.C.

FCA Managing Partner Al Lindemann told the source the self-storage market is “heating up.” “There’s a lot of investor appetite for it, and there’s very little that has been built over the last four years,” he said.

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