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Sun, 01 Aug 2021 19:37:35 -0500
2021-03-02 Print

Sale of Two-Property Portfolio, Hephzibah and Augusta, GA


Midcoast Properties Inc. Announces the Sale of Brown Road Self Storage, Hephzibah, GA and Storage Village of Augusta, Augusta, GA

FOR IMMEDIATE RELEASE / PRURGENT

Midcoast Properties, Inc. announces the recent sale of Brown Road Self Storage, located in Hephzibah, Georgia and Storage Village of Augusta, located in Augusta, Georgia. Midcoast Properties represented the Sellers, with Dale C. Eisenman, CCIM, as lead broker. The facilities were sold to a National REIT.

Brown Road Self Storage provides 53,695 rentable square feet situated on 4.68 acres in Hephzibah, Georgia. Storage Village of Augusta, situated on 27.8 +/- acres in Augusta, Georgia has over 139,000 rentable square feet, including six new buildings. Both facilities have traditional and climate-controlled units, and amenities that include security cameras, ample lighting, personalized keypad entries, and offices with moving supplies. Both properties also have a Sheriff's substation, and billboards that are currently used for facility signage, but could provide future revenue opportunities.

Brown Road Self Storage is located at 2241 Brown Road, at the intersection of Brown Road and US-25, in Hephzibah, Georgia, with great visibility from both roads, and also connects to US-65. Storage Village of Augusta enjoys excellent visibility from its location on Peach Orchard Road, which is approximately 1.8 miles from I-520 and approximately 3.5 miles from the Augusta Regional Airport.

Well into the first quarter of 2021, buyers' interests and activities continue to be strong in the self storage market, with Midcoast Properties closing multiple transactions during this challenging time. Midcoast Properties continues to be client-focused and serves as a valuable resource to self storage owners, buyers, industry members, and investors.

As a leading broker of commercial real estate in the Southeast, specializing in the self storage industry, Midcoast Properties, Inc. offers brokerage services in Alabama, Georgia, North Carolina and South Carolina. Midocast welcomes your call for a confidential and complimentary market review and broker opinion of value. For additional information, visit www.MidcoastProperties.com or contact Dale C. Eisenman, CCIM, (843)342-7650, DaleMidcoastProperties.com.

 
Contact Info
Midcoast Properties, Inc.
7 Heyward Place

Phone: 8433427650

Website: http://www.midcoastproperties.com