Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Ocean Storage of Shallotte, NC.
Located within the second fastest growing county in North Carolina, the Class-A facility offers 449 units throughout 57,700 net rentable square feet and an additional 2.0 acres of land available for expansion.
The property received numerous offers and the sellers were able to close above asking price for $4.175 million at a 6.65% cap rate.
About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: MarcusMillichap.com