Gimme Shelter Self Storage, located in Newnan, GA, was sold in July to National buyer, and commanded a sales price of approximately $72 per rentable square foot.
Dale C. Eisenman, CCIM of Midcoast Properties, Inc. a leading self storage broker in the Southeast represented the seller and had the listing to market the facility.
The facility offers over 65,000 Rentable Square Feet with 470 traditional and climate controlled self storage units on over six acres. This well-lit, fully fenced property also features a brick free-standing rental office, wide concrete drive aisles, computerized gate access and surveillance cameras. It enjoys great visibility from Hwy 34, a four-lane highway.
Midcoast Properties, Inc. is a leading broker of commercial real estate in the Southeast focusing on the Self Storage industry. Brokerage services are available in North Carolina, South Carolina, Georgia and Alabama. The firm’s focus is to be a valuable resource to self storage owners, buyers, industry members and investors.