Updated Oct 15, 2026
Ian Levin Of 10 Federal Purchases Self Storage Facility In China Grove For $3.78M
1760 Bostian Road
$3,781,000
$95/SF
Building Size
39,800 SF
Asset Type
Self Storage
Closing
Oct 6, 2026
About this deal
AI
The transaction involved a self-storage facility located at 1760 Bostian Road in the China Grove market. The asset was sold for $3,781,000, encompassing a total square footage of 39,800 and a price per square foot of $95.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $3,781,000
- Buyer: Ian Levin - 10 Federal
- Seller: Gilbert Orr & Perry Solem - Inverus Capital
- Brokers: Frank DeSalvo & David Perlleshi - Franklin Street
Franklin Street successfully facilitated the off-market sale, utilizing their extensive buyer network to identify a suitable buyer. The transaction was characterized by accurate pricing and a smooth process from contract to closing, reflecting the strong relationships maintained with repeat clients on both sides.
On the Map
$3,781,000
$95/SF
Self Storage
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Players
China Grove Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.20%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93