Michael Morrison Of Superior Capital Advisors Represents Seller In Sale Of Self Storage Facility In Lexington NC

The property involved in this transaction is a newly built self-storage facility located at 150 North Talbert Boulevard, Lexington, NC. This asset encompasses a total of 71,225 square feet and comprises 559 units, of which 532 are climate-controlled. It was built to serve the growing demand for self-storage solutions in the area.

Summary of transation details:

• Property Type: Self Storage
• Transaction Amount: Not specified
• Square Footage: 71,225
• Address: 150 North Talbert Boulevard
• Market: Lexington, NC
• Number of Units: 559
• Climate-Controlled Units: 532
• Broker: Michael Morrison - Superior Capital Advisors

Michael Morrison represented the seller in this transaction and was instrumental in procuring the buyer. The facility attracted multiple offers and went under contract within 60 days. A publicly traded REIT acquired the asset upon issuance of its certificate of occupancy.