Terrell, NC ยท Self-storage
Sure Safe Moving & Storage
Twelve written offers. No price reduction.
The deal at a glance
- Units
- 540
- Net rentable sq ft
- 70,125
- Written offers
- 12
- State
- North Carolina
- Seller profile
- Locally owned and operated
- Buyer profile
- National private equity
The asset. Class A multi-story climate self-storage, midway through physical stabilization.
The transaction
What actually happened.
Oakside sold a 70,125 NRSF Class A multi-story facility near Lake Norman, North Carolina whose occupancy growth had stalled. Twelve written offers came in and the deal closed with no price reduction through a rising rate environment.
- 01
The challenge
Occupancy growth had stalled, even though the long-term indicators pointed the other way. The sale then ran through macro turbulence and several interest rate increases.
- 02
What Oakside did
Oakside framed a locally owned, institutional-quality asset as the chance to install institutional management and marketing, supported by Lake Norman demographics including $100,000 median incomes.
- 03
The outcome
Twelve written offers, with three groups separating from the pack. The deal closed with no price reduction.
Related transactions
More of the record.
Pre-Sale Strategy Session
Want this outcome for your facility?
A confidential call with Oakside's founders. We narrow the seven deferral structures beyond the 1031 to the two or three that fit your facility, and run the number you actually need after closing.